Loop Capital Begins Coverage on Whole Foods Market, Inc. (WFM)

Some options traders hit the jackpot on the Whole Foods takeover

Some options traders hit the jackpot on the Whole Foods takeover

(NASDAQ:WFM) stock is experiencing unusual volume during today's trading. IFP Advisors Inc now owns 17,547 shares of the company's stock worth $522,000 after buying an additional 6,044 shares in the last quarter.

Wells Fargo & Company upgraded shares of Whole Foods Market, Inc. More interesting news about Whole Foods Market, Inc. SRB Corp boosted its position in shares of Whole Foods Market by 12.3% in the third quarter. SRB Corp now owns 5,033 shares of the company's stock worth $143,000 after buying an additional 552 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in shares of Whole Foods Market during the fourth quarter worth about $163,000. Coldstream Capital Management Inc. now owns 16,628 shares of the company's stock worth $494,000 after buying an additional 1,963 shares during the period. Utah Retirement Systems' holdings in Whole Foods Market were worth $1,728,000 at the end of the most recent quarter. Equities analysts forecast that Whole Foods Market will post $1.31 EPS for the current fiscal year. About 59.87M shares traded or 1276.32% up from the average. 128,832,883 shares of the company were exchanged. The firm has a 50-day moving average of $35.95 and a 200 day moving average of $32.29. (NASDAQ:WFM) news were published by: Chicagotribune.com which released: "Whole Foods CEO says "greedy" investor wants to force sale" on June 14, 2017, also Latimes.com with their article: "Amazon is buying Whole Foods Market in $13.7-billion deal" published on June 16, 2017, Bizjournals.com published: "Whole Foods sues Glover Park landlord after closing to address infestation problem" on June 12, 2017. Whole Foods Market has a 1-year low of $27.67 and a 1-year high of $43.45.

Najarian said the $34 August calls mentioned surged about 600 percent to $8.00 Friday from Thursday's close, while the November $34 calls rose almost 300 percent to $8.10. The company reported $0.37 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.37. The company had revenue of $3.74 million for the quarter, compared to analyst estimates of $3.73 billion. Whole Foods Market had a net margin of 2.54% and a return on equity of 13.72%. Over the past month the firm's stock is 18.42%, 44.53% for the last quarter, 36.75% for the past six-months and 38.48% for the a year ago. During the same period a year ago, the company posted $0.44 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be paid a $0.18 dividend. This is a positive change from Whole Foods Market's previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.04%. The rating was upgraded by Credit Suisse to "Outperform" on Wednesday, June 1. Whole Foods Market's dividend payout ratio is presently 44.44%. If you are accessing this report on another domain, it was illegally stolen and republished in violation of worldwide copyright legislation. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of USA & global trademark & copyright legislation. The legal version of this news story can be viewed at https://www.chaffeybreeze.com/2017/06/17/whole-foods-market-inc-wfm-research-coverage-started-at-loop-capital-updated-updated-updated.html. Zacks Investment Research lowered Whole Foods Market from a hold rating to a sell rating in a research report on Friday, January 20th. The company has an average rating of Hold and a consensus target price of $34.30. Barclays PLC raised Whole Foods Market from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $38.00 to $48.00 in a research report on Friday. Pivotal Research has "Buy" rating and $20 target. "Stock Got Slammed Today" published on June 15, 2017, Benzinga.com published: "Whole Foods Market Downgraded To 1.5 Stars By Vetr" on June 07, 2017. Also, insider Angela Lorenzen sold 1,431 shares of the company's stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $27.52, for a total value of $399,095.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Following the completion of the transaction, the insider now directly owns 5,746 shares in the company, valued at $158,129.92.

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