Equities research analysts at Susquehanna Bancshares Inc began coverage on shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in a report released on Monday, October 16th, Marketbeat.com reports. The brokerage set a “positive” rating and a $23.00 price target on the stock. Susquehanna Bancshares Inc’s price target points to a potential upside of 27.07% from the company’s current price.
A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. SunTrust Banks, Inc. restated a “buy” rating and set a $27.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, September 15th. BMO Capital Markets set a $24.00 price target on Sprouts Farmers Market and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Finally, William Blair reiterated a “buy” rating on shares of Sprouts Farmers Market in a research report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. Sprouts Farmers Market currently has an average rating of “Hold” and an average price target of $24.88.
Shares of Sprouts Farmers Market (NASDAQ SFM) opened at 18.10 on Monday. The company’s 50 day moving average price is $18.99 and its 200 day moving average price is $22.13. The company has a market capitalization of $2.45 billion, a P/E ratio of 20.41 and a beta of 0.54. Sprouts Farmers Market has a 12 month low of $17.38 and a 12 month high of $25.98.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share. Analysts expect that Sprouts Farmers Market will post $0.93 EPS for the current fiscal year.
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In other news, insider Daniel Bruni purchased 15,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of $19.00 per share, with a total value of $285,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brandon F. Lombardi sold 20,000 shares of Sprouts Farmers Market stock in a transaction on Monday, August 7th. The stock was sold at an average price of $24.34, for a total transaction of $486,800.00. Following the completion of the transaction, the insider now directly owns 73,761 shares in the company, valued at $1,795,342.74. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC grew its holdings in shares of Sprouts Farmers Market by 1,093.0% during the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after buying an additional 4,864 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Sprouts Farmers Market by 9.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock valued at $126,000 after buying an additional 468 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at $152,000. Asset Management One Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at $161,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Sprouts Farmers Market by 2.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock valued at $171,000 after buying an additional 170 shares during the last quarter. 87.74% of the stock is currently owned by hedge funds and other institutional investors.
About Sprouts Farmers Market
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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