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June 12, 2014
13:27 EDTWFM, SFM, UNFISprouts Farmers Markets rises after analyst upgrades shares
Shares of organic food supermarket chain Sprouts Farmers Markets (SFM) are climbing after Credit Suisse upgraded the stock, saying that its recent decline has created a buying opportunity. WHAT'S NEW: The recent decline in Sprouts stock seems to have created a more attractive entry point, wrote Credit Suisse in a note to investors earlier today. Although the specialty food supermarket space is poised to become more competitive, Spouts' focus on providing affordable produce makes it "disruptive," Credit Suisse contended. Since it's difficult to change consumers' perception about food prices, other companies will have difficulty competing with Sprouts over the longer term, the firm believes. Additionally, Credit Suisse wrote that Sprouts' earnings outlook is strong, while it can open many more stores and deliver high growth. The firm raised its rating on the shares to Outperform from Neutral and increased its price target on the stock to $34 from $31. PRICE ACTION: In early afternoon trading, Sprouts climbed 4% to $30. Another organic food supermarket chain, Whole Foods (WFM), gained 3.5% to $42.50. Meanwhile, United Natural Foods (UNFI), which operates distribution centers and distributes organic foods, rose 2% to $64
News For SFM;WFM;UNFI From The Last 14 Days
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October 2, 2015
11:45 EDTWFMWhole Foods calls active
Whole Foods October weekly 31.5 and 32 calls are active on total call volume of 19K contracts (2K puts). October weekly call option implied volatility is at 40, October is at 35, November is at 40; compared to its 52-week range of 17 to 43. Active call volume suggests traders taking positions for large near term price movement.
September 28, 2015
08:00 EDTWFMWhole Foods says to cut 1,500 jobs, or 1.6% of workforce, over 8 weeks
Whole Foods Market said in a regulatory filing that as part of its ongoing commitment to lower prices for its customers and invest in technology upgrades while improving its cost structure, the company will reduce a number of positions over the next eight weeks. The company estimates the net reduction to be approximately 1,500 jobs, which represents 1.6 percent of its workforce. It anticipates many of the reductions to be managed through natural attrition and expects a significant percentage of affected Team Members will find other jobs from the nearly 2,000 open positions across the company or via new jobs created from the more than 100 new stores in development.Whole Foods Market added over 9,000 new jobs in the past year and created nearly 35,000 over the past five years. "This is a very difficult decision, and we are committed to treating affected Team Members in a caring and respectful manner. We have offered them several options including transition pay, a generous severance, or the opportunity to apply for other jobs. In addition, we will pay these Team Members in full over the next eight weeks as they decide which option to choose." said Walter Robb, co-CEO of Whole Foods Market. "We believe this is an important step to evolve Whole Foods Market in a rapidly changing marketplace."

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