Market Update: Whole Foods Market Inc (NASDAQ:WFM) – First 365 by Whole Foods Market™ to Open May 25 in Silver Lake, Calif.

[Business Wire] – Today, 365 by Whole Foods Market™ announced it will open its highly anticipated first location on May 25 in the Silver Lake neighborhood of Los Angeles. Designed to complement the Whole Foods Market® brand by bringing fresh, healthy food 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 … Read more on this. Whole Foods Market, Inc. (WFM) , with a current value of $9.93B, began trading this morning at $30.80. Looking at the equity, the company’s one day range is $30.42 to $31.29 and has traded between $28.07 and $52.16 over the past year. Priced at 19.80x this year’s forecasted earnings, WFM shares are relatively inexpensive compared to the industry’s 24.26x forward p/e ratio. And for passive income investors, the company pays shareholders $0.54 per share annually in dividends, yielding 1.78%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.41 per share, which would be $0.02 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.56 is a $0.05 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.75 Billion. If reported, that would be a 2.74% increase over the year-ago quarter. Recently, Wells Fargo Initiated WFM at Market Perform (Feb 17, 2016). Previously, Longbow upgraded WFM from Underperform to Neutral. When considering if the stock is under or overvalued, the average price target is $29.83, which is 3.15% below where the stock opened this morning. See more in (NASDAQ:WFM) Similar Articles: Stock Update: Whole Foods Market Inc (NASDAQ:WFM) – Whole Foods Market Expands Partnership with Coalition of Immokalee Workers Stock Update: Whole Foods Market Inc (NASDAQ:WFM) – Whole Foods Market® and Instacart Announce New Markets, Growth Plans Company Update: Whole Foods Market Inc (NASDAQ:WFM) – Equity Market Movement at a Glance — Analyst Research on Whole Foods Market, HollyFrontier, Service Corporation International and Snap-On