Whole Foods shares poised for rebound: Barron'' s.

© Reuters. A Whole Foods Market shop logo design is visualized on a building in Boca Raton, Florida

(Reuters) – Shares of high end grocery store chain Whole Foods Market Inc (O:-RRB- are likely to increase over the next year, driven by cost cuts that have permitted more competitive pricing and the launch of a brand-new chain of smaller shops featuring value-priced items, the monetary paper Barron’s reported. It may take numerous quarters for revenues to remove, but the shares might return 20 percent over the next year including its dividend yield, the paper reported in its June 6 edition. Same-store sales are anticipated to decline at a slowing rate over the current and next quarter before returning to development as Whole Foods closes the rates space with rivals, it said. The company expects its brand-new 365 value chain, which released last month in L.a, to ultimately reach 1,200 shops. Entire Foods shares increased early this month after Credit Suisse (6:-RRB- raised it score and rate target on the stock. The shares might increase to $40 over the next year, the newspaper projection. They closed at $34.07, down 0.7 percent, on Nasdaq on Friday. Disclaimer: Fusion Media would like to remind you that the information contained in this site is not always real-time nor precise. All CFDs (stocks, indexes, futures) and Forex rates are not supplied by exchanges however rather by market makers, therefore rates might not be precise and may differ from the actual market price, suggesting prices are a sign and not proper for trading functions. For that reason Combination Media does n`t bear any responsibility for any trading losses you may incur as an outcome of utilizing this information. Fusion Media or anybody involved with Combination Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals consisted of within this site. Please be totally notified regarding the threats and expenses associated with trading the monetary markets, it is one of the riskiest financial investment kinds possible.

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