UBS Initiates Coverage On Whole Foods Market to Sell with Price Target $25

UBS Initiates Coverage On Whole Foods Market(WFM). In a research note issued to the investors, the brokerage major Announces the price-target to $25 per share. The shares have been rated Sell. The rating by the stock financial advisor at UBS was issued on Mar 23, 2017 in a research report to their Investors and Clients.

In a different note, William Blair said it Initiates Coverage On Whole Foods Market, according to a research note issued on Jan 20, 2017. The shares have been rated ‘Market Perform’ by the firm.

Whole Foods Market (WFM) shares turned negative on Fridays trading session with the shares closing down -0.27 points or -0.92% at a volume of 40,39,090. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.26. The peak price level was also seen at $29.26 while the days lowest was $28.885. Finally the shares closed at $28.93. The 52-week high of the shares is $35.58 while the 52-week low is $27.67. According to the latest information available, the market cap of the company is $9,216 M.

Whole Foods Market(WFM) last announced its earnings results on Feb 8, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $4.918B. Analysts had an estimated revenue of $4.980B. Earnings per share were $0.39. Analysts had estimated an EPS of $0.39.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2017, Christina Minardi (Regional President) sold 2,061 shares at $29.30 per share price.Also, On Mar 6, 2017, Laura A Derba (Regional President) sold 744 shares at $30.50 per share price.On Mar 6, 2017, A C Gallo (President and COO) sold 5,957 shares at $30.57 per share price, according to the Form-4 filing with the securities and exchange commission.

Whole Foods Market Inc. (Whole Foods Market) is a retailer of natural and organic foods and grocer. The Company has one operating segment natural and organic foods supermarkets. As of September 29 2013 Whole Foods Market operated 362 stores in the United States Canada and the United Kingdom. The Company’s offices are supported by its headquarters regional offices distribution centers bakehouse facilities commissary kitchens seafood-processing facilities meat and produce procurement centers and a specialty coffee and tea procurement and roasting operation. The Company’s product selection includes grocery meat seafood bakery prepared foods and catering coffee tea beer wine cheese nutritional supplements vitamins body care and lifestyle products including books pet products and household products. The Company’s 365 and 365 Organic Everyday Day Value brands account for approximately half of its brand items.

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