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Research analysts at Wedbush started coverage on shares of Whole Foods Market (NYSE:WFM) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.

Whole Foods Market (NYSE:WFM) opened at 39.80 on Thursday. Whole Foods Market has a one year low of $36.08 and a one year high of $65.59. The stock has a 50-day moving average of $37.86 and a 200-day moving average of $44.40. The company has a market cap of $14.378 billion and a price-to-earnings ratio of 25.16. Whole Foods Market also saw unusually large options trading activity on Wednesday. Stock investors purchased 26,968 call options on the company. This represents an increase of approximately 116% compared to the average daily volume of 12,512 call options.

Whole Foods Market (NYSE:WFM) last announced its earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.02. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the company posted $0.38 earnings per share. Whole Foods Market’s revenue was up 10.4% compared to the same quarter last year. On average, analysts predict that Whole Foods Market will post $1.53 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on WFM. Analysts at Zacks reiterated a “neutral” rating on shares of Whole Foods Market in a research note on Tuesday, August 5th. They now have a $40.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Whole Foods Market in a research note on Monday, August 4th. They now have a $40.00 price target on the stock, down previously from $41.00. Finally, analysts at S&P Equity Research reiterated a “buy” rating on shares of Whole Foods Market in a research note on Friday, August 1st. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.82.

In other Whole Foods Market news, Insider Mark T. Dixon sold 6,926 shares of Whole Foods Market stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $38.03, for a total transaction of $263,395.78. The sale was disclosed in a filing with the SEC, which is available at this link.

Whole Foods Market, Inc (NYSE:WFM), is a retailer of natural and organic foods.

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