NEW YORK, June 30, 2017 /PRNewswire/ --
If you want a Stock Review on WFM, KR, SVU or SFM then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. The Grocery Stores and Supermarkets industry is highly fragmented, with over one-third of enterprises employing less than five workers. Moreover, the top three operators are expected to account for 31.3% of industry revenue in 2017, as per an IBISWorld report. Pre-market today, DailyStockTracker.com takes a closer look at the following equities: Whole Foods Market Inc. (NASDAQ: WFM), The Kroger Co. (NYSE: KR), SUPERVALU Inc. (NYSE: SVU), and Sprouts Farmers Market Inc. (NASDAQ: SFM). Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
Whole Foods Market
On Thursday, shares in Austin, Texas headquartered Whole Foods Market Inc. ("WFM") recorded a trading volume of 6.64 million shares. The stock ended the day at $42.07, declining 0.43% from the last trading session. The Company's shares have advanced 20.23% in the past month, 43.73% in the previous three months, and 36.77% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 13.51% and 32.10%, respectively. Furthermore, shares of WFM, which operates natural and organic foods supermarkets, have a Relative Strength Index (RSI) of 65.87.
On June 16th, 2017, WFM and Amazon announced that they have entered into a definitive merger agreement under which the latter will acquire WFM for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including its net debt. WFM will continue to operate stores under the Whole Foods Market brand and source from trusted vendors and partners around the world. John Mackey will remain as CEO of the Company, and headquarters will stay in Austin, Texas.
On June 29th, 2017, research firm Oppenheimer downgraded the Company's stock rating from 'Outperform' to 'Perform'. Sign up and read the free research report on WFM at:
Cincinnati, Ohio headquartered The Kroger Co.'s stock saw a slight drop of 0.47%, finishing yesterday's session at $23.24. A total volume of 15.26 million shares was traded, which was above their three months average volume of 12.98 million shares. The Company's shares are trading below their 50-day moving average by 17.79%. Additionally, shares of Kroger, which together with its subsidiaries, operates as a retailer in the US, have an RSI of 30.17.
On June 19th, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'.
On June 22nd, 2017, Kroger's Board of Directors announced an incremental $1-billion share repurchase program, replacing the prior authorization which has been exhausted. The Board also approved a dividend increase from 48¢ to 50¢ per year. The next quarterly dividend of 12.5 cents per share will be paid on September 01st, 2017, to shareholders of record on the close of business on August 15th, 2017. The complimentary research report on KR can be downloaded at:
Shares in Eden Prairie, Minnesota headquartered SUPERVALU Inc. ended the session 2.52% higher at $3.25. The stock recorded a trading volume of 4.40 million shares. The Company's shares are trading 14.95% below their 50-day moving average. Moreover, shares of SUPERVALU, which together with its subsidiaries, operates as a grocery wholesaler and retailer in the US, have an RSI of 38.81.
On June 26th, 2017, SUPERVALU announced that Bruce Besanko has informed the Company's Board of Directors of his intention to resign his positions as Executive Vice President, COO, and CFO, effective July 05th, 2017, to pursue an opportunity outside the Company. Rob Woseth, Executive Vice President, Chief Strategy Officer, will assume the additional position of interim CFO, and David Johnson, Vice President, Controller, will assume the additional position of interim Chief Accounting Officer.
On June 27th, 2017, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $5.50 a share to $4.50 a share. Register for free on DailyStockTracker.com and access the latest report on SVU at:
Sprouts Farmers Market
At the closing bell on Thursday, Phoenix, Arizona-based Sprouts Farmers Market Inc.'s stock rose 0.18%, finishing at $22.64. A total volume of 1.88 million shares was traded. The Company's shares have gained 19.66% on an YTD basis. The stock is trading 6.94% above its 200-day moving average. Additionally, shares of Sprouts Farmers Market, which provides fresh, natural, and organic food in the US, have an RSI of 48.95.
On June 15th, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. Get free access to your research report on SFM at:
Daily Stock Tracker:
Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA