BidaskClub upgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a buy rating to a strong-buy rating in a research note published on Friday, December 22nd.
SFM has been the subject of a number of other reports. Royal Bank of Canada set a $28.00 target price on Sprouts Farmers Market and gave the stock a buy rating in a report on Monday, October 30th. Zacks Investment Research downgraded Sprouts Farmers Market from a buy rating to a hold rating in a report on Thursday, October 5th. BMO Capital Markets lifted their target price on Sprouts Farmers Market from $20.00 to $22.00 and gave the stock a market perform rating in a report on Friday, November 3rd. Goldman Sachs Group reiterated a sell rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, November 14th. Finally, William Blair reiterated a buy rating on shares of Sprouts Farmers Market in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $24.89.
Sprouts Farmers Market (NASDAQ SFM) traded up $0.61 during trading on Friday, hitting $25.47. The company had a trading volume of 2,650,422 shares, compared to its average volume of 1,646,295. 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 firm has a market capitalization of $3,389.32, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.98 and a beta of 0.67. Sprouts Farmers Market has a one year low of $17.38 and a one year high of $25.98.
Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share. analysts predict that Sprouts Farmers Market will post 1 EPS for the current year.
In related news, COO James Leroy Nielsen sold 110,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $23.17, for a total transaction of $2,548,700.00. Following the transaction, the chief operating officer now owns 207,108 shares of the company’s stock, valued at $4,798,692.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Shon A. Boney sold 848,409 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $24.72, for a total value of $20,972,670.48. Following the transaction, the director now directly owns 478,965 shares in the company, valued at approximately $11,840,014.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,015,934 shares of company stock valued at $24,918,352. Corporate insiders own 2.60% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Sprouts Farmers Market by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,568,169 shares of the company’s stock valued at $239,580,000 after buying an additional 104,072 shares during the last quarter. BlackRock Inc. boosted its position in Sprouts Farmers Market by 0.8% in the second quarter. BlackRock Inc. now owns 10,286,759 shares of the company’s stock worth $233,201,000 after purchasing an additional 81,799 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Sprouts Farmers Market by 0.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,758,862 shares of the company’s stock worth $70,554,000 after purchasing an additional 13,791 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Sprouts Farmers Market by 8.2% in the third quarter. Bank of New York Mellon Corp now owns 3,701,231 shares of the company’s stock worth $69,472,000 after purchasing an additional 280,083 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Sprouts Farmers Market by 79.2% in the second quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock worth $58,344,000 after purchasing an additional 1,137,200 shares during the last quarter. 89.68% of the stock is currently owned by institutional investors.
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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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