Is Buying Whole Foods Market, Inc. Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Whole Foods Market, Inc. Here a Winning Strategy? Option Traders Like The Stock

In today’s session Whole Foods Market, Inc. (WFM) registered an unusually high (1,361) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious WFM increase. With 1,361 contracts traded and 6584 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: WFM161216C00031000 closed last at: $0.57 or 62.9% up. About 491,765 shares traded hands. Whole Foods Market, Inc. (NASDAQ:WFM) has risen 1.48% since April 11, 2016 and is uptrending. It has underperformed by 4.66% the S&P500.

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

Out of 21 analysts covering Whole Foods Market Inc (NASDAQ:WFM), 6 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. This means 29% are positive. $53 is the highest target while $20 is the lowest. The $34.09 average target is 14.40% above today’s ($29.8) stock price. Whole Foods Market Inc has been the topic of 38 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock with “Hold” rating in Thursday, November 5 report. The company was maintained on Friday, July 31 by Imperial Capital. Deutsche Bank maintained the shares of WFM in a report on Thursday, November 5 with “Hold” rating. The company was downgraded on Friday, November 4 by Bank of America. Vetr upgraded Whole Foods Market, Inc. (NASDAQ:WFM) on Monday, September 21 to “Strong-Buy” rating. The stock has “Sell” rating given by Pivotal Research on Friday, August 14. Credit Suisse maintained Whole Foods Market, Inc. (NASDAQ:WFM) rating on Monday, March 14. Credit Suisse has “Neutral” rating and $32 price target. The stock has “Hold” rating given by Deutsche Bank on Tuesday, September 22. As per Wednesday, June 15, the company rating was downgraded by Northcoast. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 5.

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 $9.63 billion. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. It has a 19.22 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: Wsj.com which released: “John Mackey Will Be Sole CEO of Whole Foods Market” on November 02, 2016, also Bloomberg.com with their article: “Whole Foods Shareholder Said Planning Push for Changes, Sale” published on November 04, 2016, Investorplace.com published: “Whole Foods Market, Inc. (WFM) Stock Is Poised for More Pain” on October 27, 2016. More interesting news about Whole Foods Market, Inc. (NASDAQ:WFM) were released by: Investorplace.com and their article: “3 Stocks to Watch Wednesday: Qualcomm, Inc. (QCOM), Whole Foods Market, Inc …” published on November 03, 2016 as well as Schaeffersresearch.com‘s news article titled: “Analyst Downgrades: GoPro Inc, Whole Foods Market, Inc., and FireEye Inc” with publication date: November 04, 2016.

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