Analysts Offer Insights on Services Companies: Whole Foods (NASDAQ: WFM), JC Penney (NYSE: JCP) and Red Robin Gourmet (NASDAQ: RRGB)

By Carrie Williams

Analysts fell to the sidelines weighing in on Whole Foods (NASDAQ: WFM), JC Penney (NYSE: JCP) and Red Robin Gourmet (NASDAQ: RRGB) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Whole Foods (NASDAQ: WFM)

In a report issued on June 19, Kenneth Goldman from J.P. Morgan maintained a Hold rating on Whole Foods (NASDAQ: WFM), with a price target of $42. The company’s shares opened today at $43.26, close to its 52-week high of $43.64.

According to TipRanks.com, Goldman is a 5-star analyst with an average return of 11.1% and a 66.9% success rate. Goldman covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Darling Ingredients, and McCormick & Company.

Currently, the analyst consensus on Whole Foods is Moderate Buy and the average price target is $38.82, representing a -10.3% downside.

In a report issued on June 16, BMO Capital also upgraded the stock to Hold with a $42 price target.
JC Penney (NYSE: JCP)

In a report released yesterday, Daniel Binder from Jefferies reiterated a Hold rating on JC Penney (NYSE: JCP), with a price target of $5. The company’s shares opened today at $4.33, close to its 52-week low of $4.17.

According to TipRanks.com, Binder is a 4-star analyst with an average return of 7.1% and a 66.5% success rate. Binder covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Kar Auction Services Inc, and Lululemon Athletica Inc.

JC Penney has an analyst consensus of Hold, with a price target consensus of $5.57.

Red Robin Gourmet (NASDAQ: RRGB)

In a report released yesterday, Alexander Slagle from Jefferies reiterated a Hold rating on Red Robin Gourmet (NASDAQ: RRGB), with a price target of $61. The company’s shares opened today at $65.10.

According to TipRanks.com, Slagle is a 4-star analyst with an average return of 11.0% and a 66.2% success rate. Slagle covers the Services sector, focusing on stocks such as Papa John’s International, Popeyes Louisiana Kitchen, and Jack In The Box Inc.

Red Robin Gourmet has an analyst consensus of Strong Buy, with a price target consensus of $77.75.

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