Whole Foods Market, Inc. (NASDAQ:WFM) was upgraded by BMO Capital Markets to a “hold” rating in a research report issued on Saturday. The firm currently has a $42.00 target price on the stock. BMO Capital Markets’ price target indicates a potential downside of 1.59% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of Whole Foods Market from a “c+” rating to a “b” rating in a research report on Wednesday, March 1st. SunTrust Banks, Inc. reissued a “buy” rating on shares of Whole Foods Market in a research report on Tuesday, April 11th. Credit Suisse Group reissued a “buy” rating and set a $40.00 price target (up previously from $36.00) on shares of Whole Foods Market in a research report on Tuesday, April 11th. Vetr downgraded shares of Whole Foods Market from a “strong-buy” rating to a “buy” rating and set a $38.12 price target for the company. in a research report on Monday, April 10th. Finally, Gordon Haskett started coverage on shares of Whole Foods Market in a research report on Tuesday, May 9th. They set a “buy” rating and a $42.00 price target for the company. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. Whole Foods Market currently has an average rating of “Hold” and an average target price of $34.87.

Analyst Recommendations for Whole Foods Market (NASDAQ:WFM)

Shares of Whole Foods Market (NASDAQ:WFM) traded up 29.10% during mid-day trading on Friday, reaching $42.68. The company’s stock had a trading volume of 128,832,883 shares. The company has a market cap of $13.64 billion, a P/E ratio of 33.98 and a beta of 0.88. The company has a 50-day moving average of $35.95 and a 200-day moving average of $32.29. Whole Foods Market has a 12 month low of $27.67 and a 12 month high of $43.45.

Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The company had revenue of $3.74 million during the quarter, compared to the consensus estimate of $3.73 billion. Whole Foods Market had a net margin of 2.54% and a return on equity of 13.72%. The firm’s quarterly revenue was down 99.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. Equities research analysts forecast that Whole Foods Market will post $1.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Friday, June 30th will be paid a dividend of $0.18 per share. This is a boost from Whole Foods Market’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.69%. Whole Foods Market’s payout ratio is 44.44%.

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In related news, insider Laura A. Derba sold 2,200 shares of Whole Foods Market stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $36.48, for a total transaction of $80,256.00. Following the transaction, the insider now owns 3,418 shares in the company, valued at approximately $124,688.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Juan Nunez sold 14,502 shares of Whole Foods Market stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $27.52, for a total transaction of $399,095.04. Following the transaction, the insider now owns 5,746 shares in the company, valued at approximately $158,129.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,466 shares of company stock worth $543,688. 1.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of Whole Foods Market during the first quarter worth about $105,000. Seven Bridges Advisors LLC increased its stake in shares of Whole Foods Market by 17.7% in the second quarter. Seven Bridges Advisors LLC now owns 3,431 shares of the company’s stock worth $110,000 after buying an additional 515 shares in the last quarter. M&R Capital Management Inc. bought a new stake in shares of Whole Foods Market during the second quarter worth about $115,000. Global X Management Co. LLC increased its stake in shares of Whole Foods Market by 2,392.3% in the second quarter. Global X Management Co. LLC now owns 3,888 shares of the company’s stock worth $124,000 after buying an additional 3,732 shares in the last quarter. Finally, Westside Investment Management Inc. increased its stake in shares of Whole Foods Market by 406.4% in the first quarter. Westside Investment Management Inc. now owns 4,137 shares of the company’s stock worth $125,000 after buying an additional 3,320 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.

Whole Foods Market Company Profile

Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.

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