Whole Foods Market Reaches New 52-Week High (WFM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Whole Foods Market (Nasdaq: WFM) hit a new 52-week high Tuesday as it is currently trading at $106.11, above its previous 52-week high of $105.86 with 84,091 shares traded as of 9:36 a.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Whole Foods Market has a market cap of $19.43 billion and is part of the services sector and retail industry. Shares are up 15% year to date as of the close of trading on Friday.

Whole Foods Market, Inc. owns and operates a chain of natural and organic foods supermarkets. The company offers produce, grocery, meat and poultry, seafood, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. The company has a P/E ratio of 37.8, above the S&P 500 P/E ratio of 17.7.

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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 good cash flow from operations. 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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