It Seems Whole Foods Market, Inc. Will Go Down. Had Bearish Options Activity

 It Seems Whole Foods Market, Inc. Will Go Down. Had Bearish Options Activity

In today’s session Whole Foods Market, Inc. (WFM) recorded an unusually high (423) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious WFM decrease. With 423 contracts traded and 10584 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: WFM170120P00031000 closed last at: $1.47 or 7.3% up. About 902,358 shares traded hands. Whole Foods Market, Inc. (NASDAQ:WFM) has risen 2.01% since April 28, 2016 and is uptrending. It has underperformed by 3.91% the S&P500.

Analysts await Whole Foods Market, Inc. (NASDAQ:WFM) to report earnings on February, 8. They expect $0.39 EPS, down 15.22% or $0.07 from last year’s $0.46 per share. WFM’s profit will be $123.25 million for 19.76 P/E if the $0.39 EPS becomes a reality. After $0.28 actual EPS reported by Whole Foods Market, Inc. for the previous quarter, Wall Street now forecasts 39.29% EPS growth.

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 10.61% above today’s ($30.82) stock price. Whole Foods Market Inc has been the topic of 38 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained Whole Foods Market, Inc. (NASDAQ:WFM) rating on Friday, July 24. Telsey Advisory Group has “Market Perform” rating and $47 price target. The firm has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets. Credit Suisse upgraded it to “Outperform” rating and $40 target price in Wednesday, June 1 report. Jefferies maintained the shares of WFM in a report on Thursday, November 5 with “Hold” rating. Oppenheimer maintained the shares of WFM in a report on Thursday, November 5 with “Outperform” rating. The rating was initiated by Pivotal Research on Friday, August 14 with “Sell”. RBC Capital Markets maintained Whole Foods Market, Inc. (NASDAQ:WFM) on Thursday, November 5 with “Outperform” rating. The stock of Whole Foods Market, Inc. (NASDAQ:WFM) earned “Strong-Buy” rating by Vetr on Monday, September 21. The rating was maintained by Telsey Advisory Group with “Market Perform” on Thursday, November 5. On Monday, October 26 the stock rating was downgraded by Cleveland to “Underperform”.

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 $9.74 billion. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. It has a 19.89 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: Fool.com which released: “Better Buy: Whole Foods Market, Inc. vs. Wal-Mart Stores, Inc.” on November 23, 2016, also Wsj.com published article titled: “John Mackey Will Be Sole CEO of Whole Foods Market”, Investorplace.com published: “Whole Foods Market, Inc. (WFM) Stock Primed for Bulls” on November 21, 2016. More interesting news about Whole Foods Market, Inc. (NASDAQ:WFM) was released by: Investorplace.com and their article: “Whole Foods Market, Inc. (WFM) Stock Has Only One Chance At Survival” with publication date: November 15, 2016.

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