Whole Foods' (NASDAQ:WFM) stock has taken a dip after the company reported quarterly earnings that disappointed some investors. Does that mean that we can finally pick up shares of this stellar business on the cheap?

In the video below, Fool contributor Demitrios Kalogeropoulos says no, arguing that Whole Foods is still too expensive for his tastes -- particularly when measured against another growing grocer, Kroger (NYSE:KR). So, while he's a fan of Whole Foods' business, Demitrios says he'll be watching for a more attractive purchase price before jumping into shares.

Fool contributor Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool recommends Whole Foods Market. The Motley Fool owns shares of Whole Foods Market. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.