Whole Foods Gets a Hold Rating from Jefferies

By Austin Angelo

In a report released today, Christopher Mandeville from Jefferies reiterated a Hold rating on Whole Foods (NASDAQ: WFM), with a price target of $42. The company’s shares opened today at $43.45, close to its 52-week high of $43.84.

According to TipRanks.com, Mandeville is a 2-star analyst with an average return of 0.5% and a 44.8% success rate. Mandeville covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Papa John’s International, and Walgreens Boots Alliance.

Currently, the analyst consensus on Whole Foods is Moderate Buy and the average price target is $39.33, representing a -9.5% downside.

In a report issued on June 16, BMO Capital also upgraded the stock to Hold with a $42 price target.

The company has a one year high of $43.84 and a one year low of $27.67. Currently, Whole Foods has an average volume of 8.04M.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. Last month, Laura Derba, the Reg. President of WFM sold 2,200 shares for a total of $80,256.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Whole Foods Market, Inc. engages in the retailing business of natural and organic foods. It operates a chain of natural and organic foods supermarkets in the United States, Canada, and the United Kingdom. The company’s products include beverages, body care, snacks, frozen, pantry staples, supplements and gift baskets and also eco-scaling cleaning products. Whole Foods Market was founded by John Mackey, Renee Lawson Hardy, Craig Weller and Mark Skiles in 1978 and is headquartered in Austin, TX.,000YWC-E