Whole Foods Market Smells Like a Loss

Whole Foods Market (WFM – Nasdaq)

Monday, July 29, 2013

Two food companies got very different treatments from the analysts today.

Credit Suisse likes the taste of Hormel (HML – NYSE)’s turkey and pork segments, and the earnings accretion from its acquisition of Skippy peanut butter, so it upgraded HML from “neutral” to “outperform.”

But Cantor Fitzgerald does not like the smell of Whole Foods Market (WFM – NASDAQ), claiming it lacks sufficient basis to raise its price targets or estimates enough to maintain a “buy” rating. And so, they downgraded WFM to “hold.”

Hmmm. “Whole Wallet Market” gets downgraded the same day the maker of Spam gets upgraded? Sounds like the beginning of a trend to me!

WFM 072913

Bottarelli Research Tip: At first glance, WFM seems like a strong stock. But then, we noticed that share accumulation has been running flat while the share price was peaking. This indicates to us that the same batch of shares are getting traded back and forth for more and more money, rather than any new investors coming in to lift the stock long-term. We’ll do what Cantor Fitzgerald won’t — and put a target of $50.63 on WFM.

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Monday, 29 July 2013