Time to Buy Whole Foods Market, Inc. After Today’s Option Traders Bet?

 Time to Buy Whole Foods Market, Inc. After Today's Option Traders Bet?

In today’s session Whole Foods Market, Inc. (WFM) registered an unusually high (3,113) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious WFM increase. With 3,113 contracts traded and 53084 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: WFM161118C00031000 closed last at: $0.53 or 3.9% up. About 387,790 shares traded hands. Whole Foods Market, Inc. (NASDAQ:WFM) has declined 15.01% since March 15, 2016 and is downtrending. It has underperformed by 20.50% the S&P500.

Analysts await Whole Foods Market, Inc. (NASDAQ:WFM) to report earnings on November, 2. They expect $0.24 EPS, down 20.00% or $0.06 from last year’s $0.3 per share. WFM’s profit will be $75.44 million for 29.43 P/E if the $0.24 EPS becomes a reality. After $0.37 actual EPS reported by Whole Foods Market, Inc. for the previous quarter, Wall Street now forecasts -35.14% negative EPS growth.

Whole Foods Market, Inc. (NASDAQ:WFM) Ratings Coverage

Out of 20 analysts covering Whole Foods Market Inc (NASDAQ:WFM), 6 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 30% are positive. $53 is the highest target while $20 is the lowest. The $34.09 average target is 20.67% above today’s ($28.25) stock price. Whole Foods Market Inc has been the topic of 37 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Telsey Advisory Group given on Friday, July 24. As per Tuesday, July 26, the company rating was downgraded by Goldman Sachs. The rating was downgraded by Morgan Stanley to “Equal Weight” on Thursday, July 30. Longbow downgraded the shares of WFM in a report on Wednesday, July 29 to “Neutral” rating. The stock of Whole Foods Market, Inc. (NASDAQ:WFM) earned “Neutral” rating by Longbow on Friday, February 5. The company was maintained on Thursday, November 5 by Pivotal Research. The stock of Whole Foods Market, Inc. (NASDAQ:WFM) has “Strong-Buy” rating given on Monday, September 21 by Vetr. Barclays Capital initiated Whole Foods Market, Inc. (NASDAQ:WFM) on Friday, September 23 with “Equal Weight” rating. The rating was downgraded by TheStreet on Tuesday, August 18 to “Buy”. The rating was initiated by Buckingham Research on Monday, October 19 with “Neutral”.

Whole Foods Market, Inc. is engaged in operating natural and organic foods supermarkets. The company has a market cap of $8.88 billion. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. It has a 19.64 P/E ratio. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.

WFM Company Profile

Whole Foods Market, Inc., incorporated on August 15, 1978, is engaged in operating natural and organic foods supermarkets. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.

More notable recent Whole Foods Market, Inc. (NASDAQ:WFM) news were published by: Seekingalpha.com which released: “Whole Foods Markets And The Value Pricing” on October 17, 2016, also Investorplace.com with their article: “Kroger Co (KR) Isn’t Coming to Save Whole Foods Market, Inc. (WFM) Stock” published on October 06, 2016, Thestreet.com published: “Whole Foods, Once a Wall Street Darling, Is in Need of an Activist’s Touch” on October 17, 2016. More interesting news about Whole Foods Market, Inc. (NASDAQ:WFM) were released by: Fortune.com and their article: “Whole Foods Just Got Hit With a LGBTQ Discrimination Lawsuit” published on September 28, 2016 as well as Wsj.com‘s news article titled: “Whole Foods Sets Up Shop in Low-Income Neighborhoods” with publication date: October 09, 2016.

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