Reinhart Partners buys $27009248 stake in Whole Foods Market (WFM)

Price Target Brokerage firm analysts covering the stock are estimating that the stock will reach $30.857 on a short term basis. On average, analysts expect that Whole Foods Market will post $1.53 earnings per share for the current fiscal year. The stock established a negative trend of -0.37% in last week and indicated fall of -3.35% in previous month.

For the next one year, EPS estimate is set at $1.57 by 26 analysts although a year ago the analysts recommended the company’s EPS at $1.52. Six analysts surveyed by Zacks expected $3.69 billion. The stock’s 50 day moving average is $32.67 and its 200-day moving average is $31.40.

During the 52-week period, the peak price level of the share was observed at $14.250; this is higher price of share and down price level of the share was seen at $0.400; this is lower price at which share is traded. There was another key note issued by Northcoast on Wednesday June 15, 2016. The stock presently has an average rating of “Hold” and a consensus target price of $32.06. The stock finished near the middle of a 3-week range.

Analysts worry about competition from other supermarkets as well as from 365 itself will affect Whole Foods. 0 analysts have suggested “Sell” for the company.

The retailer has been working to shake its “Whole Paycheck” reputation for lofty prices and stay a step ahead of Wal-Mart Stores Inc, Kroger Co and other mainstream grocers that are expanding into the specialty realm Whole Foods pioneered.

In the third quarter, the Company opened 12 new stores, including the first 365 by Whole Foods Market store in Silver Lake, California. That compares with the consensus estimate $3.74B and $0.41/share, respectively. We are guarded on natural/organic incumbents out of position on price and facing growing competition from low-cost, more convenient challengers (Whole Foods Market). Following the transaction, the director now owns 51,037 shares in the company, valued at approximately $1,551,014.43. Siegel Morris J retains 25,955 shares in the company after this transaction. 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.

Whole Foods struggled with declining comparable store sales growth for yet another quarter, disappointing investors. 16 analysts have rated the company as a strong “Hold”.