Credit Suisse Group AG reaffirmed their outperform rating on shares of Whole Foods Market, Inc. (NASDAQ:WFM) in a research report report published on Sunday, April 23rd. They currently have a $40.00 price target on the stock.

Other equities research analysts have 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 note on Wednesday, March 1st. SunTrust Banks, Inc. reaffirmed a buy rating on shares of Whole Foods Market in a research note on Wednesday, March 29th. Vetr cut shares of Whole Foods Market from a strong-buy rating to a buy rating and set a $38.12 price objective on the stock. in a research note on Monday, April 10th. Barclays PLC reaffirmed an equal weight rating and set a $30.00 price objective on shares of Whole Foods Market in a research note on Thursday, February 9th. Finally, Morgan Stanley reaffirmed an equal weight rating and set a $29.00 price objective (down previously from $32.00) on shares of Whole Foods Market in a research note on Thursday, February 9th. Seven analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $32.84.

Shares of Whole Foods Market (NASDAQ:WFM) opened at 36.28 on Friday. Whole Foods Market has a 52-week low of $27.67 and a 52-week high of $38.29. The stock’s 50 day moving average is $33.66 and its 200 day moving average is $31.22. The company has a market capitalization of $11.57 billion, a P/E ratio of 28.89 and a beta of 0.75. Whole Foods Market also saw unusually large options trading activity on Wednesday. Traders purchased 758 put options on the company. This is an increase of 213% compared to the average daily volume of 242 put options.

Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Whole Foods Market had a net margin of 2.81% and a return on equity of 14.57%. The company had revenue of $3.74 million during the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the firm posted $0.44 EPS. Whole Foods Market’s revenue for the quarter was down 99.9% compared to the same quarter last year. Equities analysts expect that Whole Foods Market will post $1.31 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Marea Informative and is the sole property of of Marea Informative. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at http://www.mareainformativa.com/whole-foods-markets-wfm-outperform-rating-reiterated-at-credit-suisse-group-ag/111844/.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Friday, June 30th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, June 28th. This is an increase from Whole Foods Market’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%. Whole Foods Market’s payout ratio is currently 40.29%.

In related news, CFO Glenda J. Flanagan sold 4,250 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $31.28, for a total value of $132,940.00. Following the completion of the transaction, the chief financial officer now directly owns 219,372 shares of the company’s stock, valued at $6,861,956.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christina Minardi sold 2,061 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $29.30, for a total value of $60,387.30. Following the completion of the transaction, the insider now directly owns 1,461 shares of the company’s stock, valued at $42,807.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,506 shares of company stock valued at $659,292. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in WFM. Oregon Public Employees Retirement Fund increased its position in shares of Whole Foods Market by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 143,522 shares of the company’s stock worth $4,265,000 after buying an additional 2,300 shares during the period. First Personal Financial Services acquired a new position in shares of Whole Foods Market during the third quarter worth about $1,447,000. Taylor Cottrill Erickson & Associates Inc. acquired a new position in shares of Whole Foods Market during the third quarter worth about $3,358,000. OZ Management LP purchased a new stake in shares of Whole Foods Market during the third quarter worth $7,464,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Whole Foods Market during the first quarter worth $383,000. 85.46% of the stock is owned by hedge funds and other 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.

5 Day Chart for NASDAQ:WFM

Receive News & Stock Ratings for Whole Foods Market Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whole Foods Market Inc. and related stocks with our FREE daily email newsletter.