Bullish Options Activity on Whole Foods Market, Inc. Surges After Better Fundamentals

 Bullish Options Activity on Whole Foods Market, Inc. Surges After Better Fundamentals

In today’s session Whole Foods Market, Inc. (WFM) registered an unusually high (600) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious WFM increase. With 600 contracts traded and 36494 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: WFM170120C00032000 closed last at: $0.62 or 24% up. About 1.73M shares traded hands. Whole Foods Market, Inc. (NASDAQ:WFM) has declined 11.23% since March 30, 2016 and is downtrending. It has underperformed by 14.25% 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 $75.30M for 29.81 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 19.11% above today’s ($28.62) stock price. Whole Foods Market Inc has been the topic of 37 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was downgraded by TheStreet to “Buy” on Tuesday, August 18. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, July 30 report. The stock of Whole Foods Market, Inc. (NASDAQ:WFM) earned “Outperform” rating by RBC Capital Markets on Thursday, November 5. The stock of Whole Foods Market, Inc. (NASDAQ:WFM) earned “Outperform” rating by Imperial Capital on Friday, July 31. The company was upgraded on Monday, September 21 by Vetr. The company was downgraded on Tuesday, July 26 by Goldman Sachs. The rating was maintained by Jefferies on Thursday, November 5 with “Hold”. The company was maintained on Thursday, November 5 by Oppenheimer. The firm earned “Sell” rating on Wednesday, June 15 by Northcoast. The company was maintained on Tuesday, September 22 by Deutsche Bank.

According to Zacks Investment Research, “Whole Foods Market is the largest purveyor of natural foods in the world. They own and operate the country’s largest chain of natural food supermarkets. They are like an old-fashioned neighborhood grocery store, an organic farmer’s market, a European bakery, a New York deli, and a modern supermarket all rolled into one! The Company also offers a wide variety of non-perishable natural products on its Web site at http://wholefoods.com.”

Whole Foods Market, Inc. is engaged in operating natural and organic foods supermarkets. The company has a market cap of $8.98 billion. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. It has a 19.9 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 important recent Whole Foods Market, Inc. (NASDAQ:WFM) news were published by: Investorplace.com which released: “Whole Foods Market, Inc. (WFM) Stock Is Poised for More Pain” on October 27, 2016, also Reuters.com published article titled: “Whole Foods eyes millennials with Purple Carrot meal kit test”, Benzinga.com published: “Why The Whole Foods Market Brand Isn’t Broken” on October 27, 2016. More interesting news about Whole Foods Market, Inc. (NASDAQ:WFM) was released by: Investorplace.com and their article: “Kroger Co (KR) Isn’t Coming to Save Whole Foods Market, Inc. (WFM) Stock” with publication date: October 06, 2016.

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