Vetr upgraded shares of Whole Foods Market Inc. (NASDAQ:WFM) from a sell rating to a hold rating in a report released on Tuesday. They currently have $29.97 price objective on the stock.

Several other equities research analysts have also recently weighed in on WFM. Oppenheimer Holdings Inc. restated an outperform rating and set a $35.00 target price on shares of Whole Foods Market in a research note on Wednesday, November 2nd. Zacks Investment Research upgraded Whole Foods Market from a sell rating to a hold rating in a research note on Thursday, August 25th. Credit Suisse Group AG cut their target price on Whole Foods Market from $40.00 to $28.07 and set a focus list rating for the company in a research note on Thursday, August 4th. BMO Capital Markets restated an underperform rating and set a $23.00 target price on shares of Whole Foods Market in a research note on Thursday, November 3rd. Finally, Bank of America Corp. cut Whole Foods Market from a neutral rating to an underperform rating and set a $25.00 target price for the company. in a research note on Friday, November 4th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $30.20.

Shares of Whole Foods Market (NASDAQ:WFM) opened at 30.61 on Tuesday. The firm has a market capitalization of $9.75 billion, a PE ratio of 19.75 and a beta of 0.76. The company’s 50 day moving average price is $29.45 and its 200-day moving average price is $30.67. Whole Foods Market has a 52 week low of $27.67 and a 52 week high of $35.58.

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

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The business 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 is an increase from Whole Foods Market’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, January 11th. Whole Foods Market’s payout ratio is currently 34.84%.

In other Whole Foods Market news, insider Jeff Turnas sold 4,400 shares of the business’s 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 completion of the sale, the insider now directly owns 6,792 shares of the company’s stock, valued at $205,186.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shahid M. Hassan sold 7,916 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 1.09% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Conning Inc. increased its position in shares of Whole Foods Market by 0.5% in the third quarter. Conning Inc. now owns 8,050 shares of the company’s stock valued at $228,000 after buying an additional 40 shares during the period. Pitcairn Co. increased its position in shares of Whole Foods Market by 0.4% in the second quarter. Pitcairn Co. now owns 15,469 shares of the company’s stock valued at $496,000 after buying an additional 63 shares during the period. Berkeley Capital Partners LLC increased its position in shares of Whole Foods Market by 0.3% in the third quarter. Berkeley Capital Partners LLC now owns 22,048 shares of the company’s stock valued at $625,000 after buying an additional 76 shares during the period. Reliance Trust Co. of Delaware increased its position in shares of Whole Foods Market by 0.9% in the second quarter. Reliance Trust Co. of Delaware now owns 9,439 shares of the company’s stock valued at $302,000 after buying an additional 87 shares during the period. Finally, Cullinan Associates Inc. increased its position in shares of Whole Foods Market by 0.4% in the third quarter. Cullinan Associates Inc. now owns 23,500 shares of the company’s stock valued at $666,000 after buying an additional 100 shares during the period. 83.73% of the stock is owned by institutional investors and hedge funds.

About Whole Foods Market

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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