Is Whole Foods Junk Food?
March 23, 2017 at 11:31 AM EDT
Is Whole Foods ( WFM ) a victim of its own success? The Austin, Texas-based supermarket chain is famed for helping spread the organic food craze throughout the land. But at UBS , analyst Michael Lasser initiated coverage on the stock by telling investors to sell amid rising competition from rivals like Trader Joe’s and Sprout’s Farmer’s Market ( SFM ). He argues that a return to double-digit sales and earnings growth is unlikely, at least for now, and Whole Foods’ share price has yet to reflect that new reality. But Barron's disagrees .