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Here’s One Reason Why Whole Foods Market (WFM) Stock Closed Down Today

NEW YORK (TheStreet) -- Whole Foods Market (WFM - Get Report) stock closed lower by 3.97% to $29.53 on Thursday, after Deutsche Bank analysts reduced their comparable store sales estimates.

Analysts lowered comparable store sales estimates by 50 basis points to negative 2% for the fiscal 2016 second quarter, compared with the consensus that calls for a 1.8% decline.

The lower estimate was driven by weak preliminary revenue from fellow natural and organic grocery store Natural Grocers by Vitamin Cottage (NGVC), analysts explained.