Over the last six quarters sales at Whole Foods have rotted away like a bunch of overripe bananas.
Many on Wall Street have soured on the grocer as only six of 28 analysts have a buy rating on its shares.
So it was no surprise that Whole Foods shares spiked 10 percent Monday after Barry Rosenstein’s Jana Partners hedge fund announced an 8.3 percent stake in the high-end grocer.
“Finally an activist emerges,” Edward Kelly, an analyst with Credit Suisse wrote in a note Monday.
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