RBC Capital Reiterates Outperform on Whole Foods Market (WFM) Following 4Q Results

RBC Capital reiterated an Outperform rating and $37.00 price target on Whole Foods Market (NASDAQ: WFM) following the company's 4Q earnings report. Whole Foods reported adjusted EPS of $0.28 on $3.50bn of revenue, compared to consensus estimates of $0.24 and $3.51bn, respectively.

Analyst William Kirk commented, "We are encouraged by WFM's ability to control expenses, allowing for increased marketing spend, while also maintaining earnings power. With some earnings surety, investors can begin focusing on strategic initiatives such as: promotional capabilities, 365 incremental customer recruitment, marketing programs and value initiatives. We remain Outperform rated with a $37 Price Target."

For an analyst ratings summary and ratings history on Whole Foods Market click here. For more ratings news on Whole Foods Market click here.

Shares of Whole Foods Market closed at $28.51 yesterday.

You May Also Be Interested In

• Texas Instruments (TXN) Reiterated at Neutral by Cantor Fitzgerald on Upside to Earnings Power
• ServiceTitan (TTAN) PT Lowered to $100 at Stifel Following 20% Pullback in Stock
• J.Jill Inc. (JILL) PT Raised to $25 at BTIG