Whole Foods cuts outlook after 3Q sales, profit miss

Yet even though the company hopes to open up to five stores in the second half of 2016, and double openings in 2017, it will take a long time to see how the proposed solution to Whole Foods’ problems pan out. As of September 29, 2013, Whole Foods Market operated 362 stores in the United States, Canada, and the United Kingdom. They set the stock with a rating.

In other Whole-Foods Market information, insider Scott A. Allshouse offered 2,949 shares of the stock in a trade dated Wednesday, June 3rd. Three equities research analysts have rated the stock with a hold rating, a buy rating has been given by two and a strong buy rating has been assigned by one to the stock of the company’s. Based in Austin, Texas, Whole Foods stores area combination of a local farmer’s market and a neighborhood supermarket. Last month, Scott Allshouse, a the Reg. President of WFM sold 2,949 shares for a total of $121,234.

In a filing to the Securities and Exchange Commission, the company told shareholders that it received a “civil investigative demand” from the Federal Trade Commission this week. They now have a $43.33 price target on the stock. The disclosure for this sale can be found here. The highest analyst price target sees the stock at $65. The company’s 50-day moving average cost is $40.63 and its 200-day moving average price is $47.87. The firm has a market cap of $14.39 billion and a price-to-earnings ratio of 24.21.

Whole Foods Market (NYSE:WFM) last released its earnings data on Wednesday, May 6th. Analysts surveyed by FactSet had estimated 45 cents a share on revenue of $3.69 billion.

The grocer said it expects comparable store sales in the low single digits for the fiscal year. Whole Foods’s stock is up 8.28% in the past 200 days. (NASDAQ:WFM) posted EPS of $0.43.

The business also recently declared a quarterly dividend, that has been paid on Tuesday, July 14th. Earnings per share were $0.43.

Whole Foods Market, Inc. Whole Foods Market employs approximately 91,000 team members and has been ranked for 18 consecutive years as one of the “100 Best Companies to Work For” in America by Fortune magazine.

Designed to complement the Whole Foods Market brand by bringing fresh, healthy foods to a broader audience with a streamlined, quality-meets-value shopping experience, 365 by Whole Foods Market stores will feature a curated mix of products that adhere to the company’s industry-leading quality standards in an environment that’s fun and convenient for shoppers. The Company’s offices are supported by its headquarters, regional offices, distribution centers, bakehouse facilities, commissary kitchens, seafood-processing facilities, meat and produce procurement centers, and a specialty coffee and tea procurement and roasting operation.