NEW YORK (

TheStreet

) -- Shares of

Whole Foods Market

(Nasdaq:

WFM

) were gapping up Thursday morning with an open price 10.7% higher than Wednesday's closing price. The stock closed at $84.53 Wednesday and opened today's trading at $93.58.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

The average volume for Whole Foods Market has been two million shares per day over the past 30 days. Whole Foods Market has a market cap of $15.42 billion and is part of the

services

sector and

retail

industry. Shares are up 21.5% 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 produce, 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 38.2, above the average retail industry P/E ratio of 38 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Whole Foods Market as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income 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

.

Get more investment ideas from our

investment research center

.

null