Brokerages Set Whole Foods Market, Inc. (WFM) Target Price at $36.75

Brokerages Set Whole Foods Market, Inc. (WFM) Target Price at $36.75

(NASDAQ:WFM). At the time of writing, the First Call consensus price target for the company is $39.05. The firm owned 357,390 shares of the company's stock at the end of the first quarter.

Whole Foods has just nine stores in the United Kingdom so the impact should not be too significant for a while yet. Macquarie Group Ltd. raised its stake in Whole Foods Market by 17.1% in the fourth quarter. Vanguard Group Inc. boosted its stake in Whole Foods Market by 3.6% in the first quarter.

Because of this, Whole Foods decided not to pursue talks with private equity firms, afraid that there would be possible reports in the media. Capital Investment Counsel Inc sold 14,047 shares as Whole Foods Mkt Inc (WFM)'s stock rose 16.43%. The Veritable Lp holds 43,639 shares with $1.34M value, down from 63,999 last quarter. Company insiders own 1.30% of the company's stock. Institutional investors and hedge funds own 91.37% of the company's stock. Everence Capital Management Inc. bought a new stake in Whole Foods Market during the first quarter worth about $383,000. Tightening the gaze, stock performance for the last 5 trading days is -0.57%. 6,227,419 shares of the stock traded hands. The company has a 50 day moving average price of $37.57 and a 200 day moving average price of $33.06.

Whole Foods caved and agreed to be acquired for $42 a share, as it revealed last month, a $13.7bn that has rocked the world of the major supermarket groups on both sides of the Atlantic, with U.S. retailers Wal-Mart, Target, Costco and Kroger all plunging, and Tesco, Sainsbury's and Morrisons all lower on the news. The current consensus recommendation provided by covering analysts is 2.90.

The volatility (week) for Whole Foods Market, Inc.is at 0.53% and the volatility (month) is at 1.58%. The business had revenue of $3.74 million during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the business earned $0.44 EPS. The firm's revenue was down 99.9% compared to the same quarter previous year. Stockholders of record on Friday, June 30th will be paid a $0.18 dividend. The stock declined 1.43% or $0.33 reaching $22.75 per share. The rating was upgraded by Credit Suisse on Wednesday, June 1 to "Outperform".

The previously undisclosed details on the negotiations show how Amazon used its deep pockets and brand as leverage to convince Whole Foods to accept a sale process that would not result in a bidding war. The two companies met in Seattle on April 30, where Amazon CEO Jeff Bezos, Whole Foods CEO John Mackey and other senior representatives were present.

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ILLEGAL ACTIVITY NOTICE: This article was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and global copyright and trademark laws. American Intl Group Inc (NYSE:AIG) was raised too. (NASDAQ:WFM) on Thursday, November 5 with "Hold" rating.

A number of analysts have recently issued reports on WFM shares.

About two months later on June 16, the e-commerce titan and the upscale grocer that helped bring organic food into the mainstream announced a deal, with Amazon agreeing to buy Whole Foods for $42 a share, or about $13.7 billion.

Whole Foods said in the filing it sought $45 per share from Amazon but settled for $42 per share, which the ecommerce giant called its "best and final offer". Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the company's stock. The stock has "Outperform" rating by Wells Fargo on Thursday, May 11. Also, insider Laura A. Derba sold 2,200 shares of Whole Foods Market stock in a transaction on Tuesday, May 16th. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

About 13,366 shares traded.

Since the beginning of the calendar year, the stock is 36.57%. Following the completion of the transaction, the insider now owns 1,131 shares of the company's stock, valued at approximately $41,100.54. The disclosure for this sale can be found here.

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