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Equities researchers at Janney Montgomery Scott began coverage on shares of Whole Foods Market (NYSE:WFM) in a research report issued on Thursday. The firm set a “neutral” rating on the stock.

Shares of Whole Foods Market (NYSE:WFM) traded up 0.13% during mid-day trading on Thursday, hitting $39.094. 3,019,402 shares of the company’s stock traded hands. Whole Foods Market has a 1-year low of $36.08 and a 1-year high of $65.59. The stock’s 50-day moving average is $38.04 and its 200-day moving average is $43.90. The company has a market cap of $14.123 billion and a price-to-earnings ratio of 25.52.

Whole Foods Market (NYSE:WFM) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Whole Foods Market will post $1.53 EPS for the current fiscal year.

In other Whole Foods Market news, Insider Jeff Turnas sold 15,392 shares of the stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $39.50, for a total value of $607,984.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

WFM has been the subject of a number of other recent research reports. Analysts at Wedbush initiated coverage on shares of Whole Foods Market in a research note on Thursday, August 28th. They set a “neutral” rating and a $40.00 price target on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. Whole Foods Market presently has a consensus rating of “Hold” and an average price target of $46.52.

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

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