AT Bancorp acquired a new stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) during the second quarter, Holdings Channel reports. The firm acquired 2,795 shares of the company’s stock, valued at approximately $118,000.

Several other hedge funds have also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Whole Foods Market during the second quarter valued at approximately $206,000. Retirement Systems of Alabama increased its stake in shares of Whole Foods Market by 0.6% in the second quarter. Retirement Systems of Alabama now owns 154,942 shares of the company’s stock valued at $6,525,000 after buying an additional 954 shares in the last quarter. ARP Americas LLC bought a new stake in shares of Whole Foods Market during the second quarter valued at approximately $9,293,000. Mercer Capital Advisers Inc. increased its stake in shares of Whole Foods Market by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 26,755 shares of the company’s stock valued at $1,127,000 after buying an additional 175 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its position in Whole Foods Market by 165.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 64,184 shares of the company’s stock valued at $2,703,000 after buying an additional 40,000 shares during the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.

Shares of Whole Foods Market, Inc. (NASDAQ WFM) opened at 41.85 on Thursday. The company has a market cap of $13.40 billion, a P/E ratio of 34.47 and a beta of 0.82. Whole Foods Market, Inc. has a 12 month low of $27.67 and a 12 month high of $43.84. The firm has a 50 day moving average price of $42.03 and a 200-day moving average price of $35.19.

Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Whole Foods Market had a return on equity of 13.26% and a net margin of 2.44%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Analysts anticipate that Whole Foods Market, Inc. will post $1.34 earnings per share for the current fiscal year.

Whole Foods Market announced that its board has authorized a stock repurchase program on Wednesday, May 10th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the company to repurchase up to 10.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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WFM has been the topic of several recent analyst reports. Wells Fargo & Company reissued a “hold” rating on shares of Whole Foods Market in a research report on Wednesday, July 26th. Deutsche Bank AG reissued a “hold” rating and set a $38.00 price target (up from $28.00) on shares of Whole Foods Market in a research report on Thursday, May 11th. UBS AG raised Whole Foods Market from a “sell” rating to a “neutral” rating and set a $42.00 price target on the stock in a research report on Monday, July 10th. Barclays PLC raised Whole Foods Market from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $38.00 to $48.00 in a research report on Friday, June 16th. Finally, Gordon Haskett lowered Whole Foods Market from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research report on Monday, June 26th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.06.

In related news, insider Laura A. Derba sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $36.48, for a total value of $80,256.00. Following the completion of the sale, the insider now directly owns 3,418 shares in the company, valued at $124,688.64. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Angela Lorenzen sold 1,431 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $36.34, for a total value of $52,002.54. Following the completion of the sale, the insider now owns 1,131 shares of the company’s stock, valued at $41,100.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,466 shares of company stock valued at $543,688. Corporate insiders own 1.30% of the company’s stock.

Whole Foods Market Company Profile

Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.

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Institutional Ownership by Quarter for Whole Foods Market (NASDAQ:WFM)

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