Whole Foods Market Inc. (NASDAQ:WFM) was downgraded by stock analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued on Tuesday. They currently have a $29.97 target price on the stock. Vetr‘s target price suggests a potential downside of 3.51% from the company’s current price.

Several other brokerages have also commented on WFM. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $38.00 price objective on shares of Whole Foods Market in a research report on Wednesday, July 20th. Jefferies Group reissued a “hold” rating and set a $31.00 price objective on shares of Whole Foods Market in a research report on Monday, July 25th. Macquarie raised Whole Foods Market from a “neutral” rating to an “outperform” rating in a research report on Monday, July 25th. BMO Capital Markets reissued an “underperform” rating and set a $23.00 price objective on shares of Whole Foods Market in a research report on Monday, July 25th. Finally, Goldman Sachs Group Inc. lowered Whole Foods Market from a “neutral” rating to a “sell” rating and set a $31.00 price objective for the company. in a research report on Tuesday, July 26th. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Whole Foods Market presently has an average rating of “Hold” and a consensus target price of $30.20.

Analyst Recommendations for Whole Foods Market (NASDAQ:WFM)

Shares of Whole Foods Market (NASDAQ:WFM) opened at 31.06 on Tuesday. Whole Foods Market has a 1-year low of $27.67 and a 1-year high of $35.58. The stock has a 50 day moving average of $28.85 and a 200 day moving average of $30.59. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 20.04 and a beta of 0.76.

Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $26.30 million. Whole Foods Market had a net margin of 3.22% and a return on equity of 15.65%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, equities analysts forecast that Whole Foods Market will post $1.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 24th. Stockholders of record on Friday, January 13th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.80%. This is a boost from Whole Foods Market’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, January 11th. Whole Foods Market’s dividend payout ratio is 34.84%.

In related news, Director Shahid M. Hassan sold 7,916 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $28.41, for a total transaction of $224,893.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeff Turnas sold 4,400 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $30.21, for a total value of $132,924.00. Following the sale, the insider now owns 6,792 shares in the company, valued at approximately $205,186.32. The disclosure for this sale can be found here. Insiders own 1.09% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Cullinan Associates Inc. increased its position in shares of Whole Foods Market by 1.3% in the first quarter. Cullinan Associates Inc. now owns 23,400 shares of the company’s stock valued at $728,000 after buying an additional 300 shares during the period. First Republic Investment Management Inc. increased its position in shares of Whole Foods Market by 84.9% in the first quarter. First Republic Investment Management Inc. now owns 93,850 shares of the company’s stock valued at $2,920,000 after buying an additional 43,095 shares during the period. Robecosam AG increased its position in shares of Whole Foods Market by 23.6% in the first quarter. Robecosam AG now owns 106,204 shares of the company’s stock valued at $3,385,000 after buying an additional 20,301 shares during the period. Avalon Advisors LLC acquired a new position in shares of Whole Foods Market during the first quarter valued at approximately $762,000. Finally, Quantum Capital Management increased its position in shares of Whole Foods Market by 8.8% in the first quarter. Quantum Capital Management now owns 10,730 shares of the company’s stock valued at $334,000 after buying an additional 867 shares during the period. Institutional investors own 89.20% of the company’s stock.

Whole Foods Market Company Profile

Whole Foods Market, Inc is engaged in operating natural and organic foods supermarkets. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.

5 Day Chart for NASDAQ:WFM

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