Technical Research on Grocery Stores Equities -- Whole Foods Market, Kroger, SUPERVALU, and Sprouts Farmers Market

NEW YORK, June 30, 2017 /PRNewswire/ --

If you want a Stock Review on WFM, KR, SVU or SFM then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. The Grocery Stores and Supermarkets industry is highly fragmented, with over one-third of enterprises employing less than five workers. Moreover, the top three operators are expected to account for 31.3% of industry revenue in 2017, as per an IBISWorld report. Pre-market today, DailyStockTracker.com takes a closer look at the following equities: Whole Foods Market Inc. (NASDAQ: WFM), The Kroger Co. (NYSE: KR), SUPERVALU Inc. (NYSE: SVU), and Sprouts Farmers Market Inc. (NASDAQ: SFM). Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:

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Whole Foods Market 

On Thursday, shares in Austin, Texas headquartered Whole Foods Market Inc. ("WFM") recorded a trading volume of 6.64 million shares. The stock ended the day at $42.07, declining 0.43% from the last trading session. The Company's shares have advanced 20.23% in the past month, 43.73% in the previous three months, and 36.77% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 13.51% and 32.10%, respectively. Furthermore, shares of WFM, which operates natural and organic foods supermarkets, have a Relative Strength Index (RSI) of 65.87.

On June 16^th, 2017, WFM and Amazon announced that they have entered into a definitive merger agreement under which the latter will acquire WFM for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including its net debt. WFM will continue to operate stores under the Whole Foods Market brand and source from trusted vendors and partners around the world. John Mackey will remain as CEO of the Company, and headquarters will stay in Austin, Texas.

On June 29^th, 2017, research firm Oppenheimer downgraded the Company's stock rating from 'Outperform' to 'Perform'. Sign up and read the free research report on WFM at:

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Kroger 

Cincinnati, Ohio headquartered The Kroger Co.'s stock saw a slight drop of 0.47%, finishing yesterday's session at $23.24. A total volume of 15.26 million shares was traded, which was above their three months average volume of 12.98 million shares. The Company's shares are trading below their 50-day moving average by 17.79%. Additionally, shares of Kroger, which together with its subsidiaries, operates as a retailer in the US, have an RSI of 30.17.

On June 19^th, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'.

On June 22^nd, 2017, Kroger's Board of Directors announced an incremental $1-billion share repurchase program, replacing the prior authorization which has been exhausted. The Board also approved a dividend increase from 48¢ to 50¢ per year. The next quarterly dividend of 12.5 cents per share will be paid on September 01^st, 2017, to shareholders of record on the close of business on August 15^th, 2017. The complimentary research report on KR can be downloaded at:

http://dailystocktracker.com/registration/?symbol=KR 

SUPERVALU 

Shares in Eden Prairie, Minnesota headquartered SUPERVALU Inc. ended the session 2.52% higher at $3.25. The stock recorded a trading volume of 4.40 million shares. The Company's shares are trading 14.95% below their 50-day moving average. Moreover, shares of SUPERVALU, which together with its subsidiaries, operates as a grocery wholesaler and retailer in the US, have an RSI of 38.81.

On June 26^th, 2017, SUPERVALU announced that Bruce Besanko has informed the Company's Board of Directors of his intention to resign his positions as Executive Vice President, COO, and CFO, effective July 05^th, 2017, to pursue an opportunity outside the Company. Rob Woseth, Executive Vice President, Chief Strategy Officer, will assume the additional position of interim CFO, and David Johnson, Vice President, Controller, will assume the additional position of interim Chief Accounting Officer. 

On June 27^th, 2017, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $5.50 a share to $4.50 a share. Register for free on DailyStockTracker.com and access the latest report on SVU at:

http://dailystocktracker.com/registration/?symbol=SVU 

Sprouts Farmers Market 

At the closing bell on Thursday, Phoenix, Arizona-based Sprouts Farmers Market Inc.'s stock rose 0.18%, finishing at $22.64. A total volume of 1.88 million shares was traded. The Company's shares have gained 19.66% on an YTD basis. The stock is trading 6.94% above its 200-day moving average. Additionally, shares of Sprouts Farmers Market, which provides fresh, natural, and organic food in the US, have an RSI of 48.95.

On June 15^th, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. Get free access to your research report on SFM at:

http://dailystocktracker.com/registration/?symbol=SFM

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