Whole Foods Market Rises On Unusually High Volume (WFMI)

NEW YORK (TheStreet) -- Whole Foods Market (Nasdaq:WFMI) is trading at unusually high volume Thursday with seven million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $6.29 (+11.7%) at $60.04 as of 12:22 p.m. ET. Whole Foods Market has a market cap of $9.2 billion and is part of the services sector and retail industry. Shares are up 6.3% year to date as of the close of trading on Wednesday.

Whole Foods Market, Inc. engages in the ownership and operation of natural and organic food supermarkets. The company offers seafood, grocery, meat and poultry, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. The company has a P/E ratio of 37, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Whole Foods Market as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Whole Foods Market Ratings Report.

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