Updated from 11:41 a.m. EST
( WFMI) were soaring Thursday after the company's better-than-expected earnings report and profit outlook a day ago were followed by upgrades from two analysts.
Pali Capital analyst Bob Summers upgraded Whole Foods from sell to buy, citing the company's cost-cutting measures and cash-flow prospects, and he raised his price target to $15 from $8. Also, an analyst at Jeffries upgraded the stock from hold to buy with a $13 price target.
Whole Foods shares were up $37.7% to $12.79 in recent trading. Just two hours into the session, volume was already three times the average for a full day.
Elsewhere in the supermarket and grocery space:
Safeway rose 2% to $20.45.
Kroger was up 1.6% to $22.06.
Winn-Dixie Stores ( WINN) was up 2.3% to $8.98.
Great Atlantic & Pacific Tea Co. ( GAP) was up 1.9% to $5.25.
Supervalu was up 0.5% to $17.80.
Wal-Mart rose 1% to $50.48.
Costco was up 1.4% to $42.96.
BJ's Wholesale Club rose 1.7% to $28.60.