Northcoast Research Downgrades Whole Foods Market to Sell

Brokerage firm Northcoast Research Downgrades its rating on Whole Foods Market(NASDAQ:WFM). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by Northcoast Research was issued on Jun 15, 2016.

In a different note, On Jun 1, 2016, Credit Suisse said it Upgrades its rating on Whole Foods Market. In the research note, the firm Raises the price-target to $30.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 16, 2016, Barclays said it Terminates its rating on Whole Foods Market. The shares have been rated ‘Equ’ by the firm.

Whole Foods Market (WFM) shares turned negative on Tuesdays trading session with the shares closing down -0.05 points or -0.16% at a volume of 51,55,206. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.82. The peak price level was also seen at $30.82 while the days lowest was $30.3. Finally the shares closed at $30.37. The 52-week high of the shares is $41.97 while the 52-week low is $28.065. According to the latest information available, the market cap of the company is $9,750 M.

Whole Foods Market(WFM) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.70B. Analysts had an estimated revenue of $3.75B. Earnings per share were $0.44. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Morris J Siegel (director) sold 6,190 shares at $32.32 per share price.Also, On May 20, 2016, Mark T Dixon (Regional President) sold 3,005 shares at $30.64 per share price.On May 17, 2016, Ralph Z Sorenson (director) sold 11,500 shares at $30.20 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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