Whole Foods Market, Inc. (NASDAQ:WFM) was downgraded by analysts at Tigress Financial from a “buy” rating to a “neutral” rating in a report issued on Monday, MarketBeat reports.

WFM has been the subject of a number of other research reports. Wells Fargo & Company raised shares of Whole Foods Market from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Thursday, May 11th. Zacks Investment Research raised shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. BidaskClub raised shares of Whole Foods Market from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Vetr raised shares of Whole Foods Market from a “strong sell” rating to a “hold” rating and set a $42.27 price objective for the company in a research report on Monday, June 19th. Finally, Wolfe Research raised shares of Whole Foods Market from an “underperform” rating to a “market perform” rating in a research report on Tuesday, May 2nd. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company. Whole Foods Market has an average rating of “Hold” and a consensus price target of $38.06.

Whole Foods Market (NASDAQ WFM) traded up 0.02% during trading on Monday, reaching $41.82. 3,551,943 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $41.52 and a 200 day moving average price of $34.78. The stock has a market capitalization of $13.39 billion, a P/E ratio of 34.45 and a beta of 0.82. Whole Foods Market has a 1-year low of $27.67 and a 1-year high of $43.84.

Whole Foods Market (NASDAQ:WFM) last released its earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Whole Foods Market had a net margin of 2.44% and a return on equity of 13.26%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the firm earned $0.37 EPS. The company’s revenue was up .6% on a year-over-year basis. Equities research analysts expect that Whole Foods Market will post $1.34 earnings per share for the current year.

Whole Foods Market declared that its board has authorized a stock buyback plan on Wednesday, May 10th that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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In other Whole Foods Market news, insider Angela Lorenzen sold 1,431 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $36.34, for a total value of $52,002.54. Following the completion of the sale, the insider now directly owns 1,131 shares of the company’s stock, valued at $41,100.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Juan Nunez sold 14,502 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $27.52, for a total transaction of $399,095.04. Following the completion of the sale, the insider now directly owns 5,746 shares of the company’s stock, valued at $158,129.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,466 shares of company stock worth $543,688. Company insiders own 1.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of WFM. Advisory Services Network LLC acquired a new stake in Whole Foods Market during the first quarter valued at approximately $105,000. AT Bancorp acquired a new stake in Whole Foods Market during the second quarter valued at approximately $118,000. Westside Investment Management Inc. increased its stake in Whole Foods Market by 406.4% in the first quarter. Westside Investment Management Inc. now owns 4,137 shares of the company’s stock valued at $125,000 after buying an additional 3,320 shares in the last quarter. Winslow Evans & Crocker Inc. increased its stake in Whole Foods Market by 169.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,428 shares of the company’s stock valued at $132,000 after buying an additional 2,154 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Whole Foods Market by 3.4% in the first quarter. Pacer Advisors Inc. now owns 6,212 shares of the company’s stock valued at $185,000 after buying an additional 207 shares in the last quarter. 87.89% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Whole Foods Market (NASDAQ:WFM)

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