Whole Foods Market (WFM) is Downgraded by Northcoast to Sell

Whole Foods Market (WFM) was Downgraded by Northcoast to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Northcoast advised their investors in a research report released on Jun 15, 2016.

Many Wall Street Analysts have commented on Whole Foods Market. Whole Foods Market was Upgraded by Credit Suisse to ” Outperform” on Jun 1, 2016.

On the company’s financial health, Whole Foods Market reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.41. The company had revenue of $3696.00 million for the quarter, compared to analysts expectations of $3740.40 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Whole Foods Market closed down -0.97 points or -2.90% at $32.52 with 84,01,331 shares getting traded on Tuesday. Post opening the session at $33.09, the shares hit an intraday low of $32.43 and an intraday high of $33.579 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 25, 2016, Morris J Siegel (director) sold 6,190 shares at $32.32 per share price. According to the SEC, 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.

Whole Foods Market

Leave a Reply

Whole Foods Market - Is it time to Sell?

Top Brokerage Firms are advising their investors on Whole Foods Market. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.