Royal Bank Of Canada restated an “outperform” rating and issued a $37.00 price objective on shares of Whole Foods Market in a report on Friday. The new chain is equipped with innovative technology, compelling products at value prices and a modern look to target millennials and stave off competition.
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Whole Foods Market, Inc.’s (WFM) stock price distance from twenty day simple moving average slumped at -3.45% while its distance from fifty day simple moving average declined -4.90% along with -3.68% below distance from two hundred simple moving averages. Moreover, it introduced a new “uniquely-branded store concept”, “365 by Whole Foods Market”. The firm had put out a Equal Weight rating. The Stock has a 52 week low of $27.67 and one year high of $35.58. “We’re thrilled to be working with a retailer as respected and innovative as Whole Foods Market, helping them continue to improve shopping experiences for their loyal and passionate customers”. (NASDAQ:WFM) to Hold with a price target of $32. In ratings table the WFM given BUY ratings by 5 analysts in current phase. (NASDAQ:WFM) setting the highest revenues estimates of $16.55B and indicating lowest revenues at $16.08B according to agreement of 22 number of analysts. Back on Jul 26, 2016, a downgrade report came from equity analysts at Goldman who in their research findings assigned Sell rating on the stock.
In related news, EVP James P. Sud sold 1,700 shares of the firm’s stock in a transaction on Wednesday, December 14th. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of 39 cents per share. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.
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In the last Quarter, Whole Foods Market, Inc. That is compared with the $0.46 in EPS it reported during the same period a year ago. While in the same Quarter Previous year, the Actual EPS was $0.46. The company beat the analyst EPS Estimate with the difference of $0.04. Thus the company showed an Earnings Surprise of 16.7 Percent. The stock’s next day closing price was $28.46 with the loss of -0.18% in its share price. Its EVP Growth & Business Develop SUD JAMES P sold 1,700 company shares for $53000.21, in a transaction on 2016-12-14. As per the last available information, the stock aggregated $8.44 million in upticks and $6.93 million in downticks, keeping the net money flow capped at $1.51 million. The last trading session volume compares with the 4.76M average and market worth floats around 9.28B. Whole Foods’s 50-day moving average is $30.64 and its 200-day moving average is $30.12. The stock now has a Market Cap of $8.38B. In the past 5 years, the stock showed growth of 5.92% per annum. Beta value of the stock is marked at 0.71. During the first three weeks of the second quarter, comps slipped 3.2%. Similarly, the positive performance for the quarter recorded as 3.35% and for the year was 2.14%, while the YTD performance remained at -4.38%.
