BidaskClub downgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday, January 6th.
SFM has been the topic of a number of other reports. SunTrust Banks reissued a buy rating and issued a $27.00 price target on shares of Sprouts Farmers Market in a report on Friday, September 15th. Northcoast Research raised shares of Sprouts Farmers Market from a neutral rating to a buy rating in a report on Monday, November 20th. Wolfe Research raised shares of Sprouts Farmers Market to an outperform rating in a research note on Thursday, November 9th. Goldman Sachs Group reaffirmed a sell rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday, November 14th. Finally, TheStreet raised shares of Sprouts Farmers Market from a c rating to a b- rating in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $24.89.
Sprouts Farmers Market (NASDAQ:SFM) traded up $0.61 during midday trading on Friday, hitting $25.47. 2,650,422 shares of the stock traded hands, compared to its average volume of 2,070,000. Sprouts Farmers Market has a 12-month low of $17.38 and a 12-month high of $25.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. The company has a market cap of $3,390.00, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67.
Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. equities analysts forecast that Sprouts Farmers Market will post 1 EPS for the current fiscal year.
In other news, COO James Leroy Nielsen sold 110,000 shares of Sprouts Farmers Market stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $23.17, for a total value of $2,548,700.00. Following the completion of the transaction, the chief operating officer now owns 207,108 shares of the company’s stock, valued at approximately $4,798,692.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Amin N. Maredia sold 12,301 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $24.33, for a total value of $299,283.33. The disclosure for this sale can be found here. Insiders have sold 1,015,934 shares of company stock valued at $24,918,352 in the last three months. Insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its holdings in Sprouts Farmers Market by 1,093.0% in the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after buying an additional 4,864 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Sprouts Farmers Market by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after buying an additional 1,161 shares in the last quarter. Harvest Management LLC bought a new stake in Sprouts Farmers Market in the 3rd quarter worth about $188,000. Seven Eight Capital LP bought a new stake in Sprouts Farmers Market in the 2nd quarter worth about $193,000. Finally, Sadoff Investment Management LLC bought a new stake in Sprouts Farmers Market in the 3rd quarter worth about $223,000. Institutional investors own 89.68% of the company’s stock.
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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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