Stephens set a $27.00 price target on Sprouts Farmers Market (NASDAQ:SFM) in a research note issued to investors on Wednesday morning. The firm currently has a hold rating on the stock.
Several other analysts have also recently commented on SFM. Susquehanna Bancshares set a $30.00 price objective on shares of Sprouts Farmers Market and gave the company a buy rating in a research note on Thursday, January 11th. BMO Capital Markets set a $26.00 price objective on shares of Sprouts Farmers Market and gave the company a hold rating in a research note on Wednesday, January 10th. Zacks Investment Research cut shares of Sprouts Farmers Market from a buy rating to a hold rating in a research note on Friday, January 12th. BidaskClub cut shares of Sprouts Farmers Market from a strong-buy rating to a buy rating in a research note on Saturday, January 6th. Finally, UBS Group set a $25.00 price objective on shares of Sprouts Farmers Market and gave the company a buy rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $25.00.
Sprouts Farmers Market (SFM) traded down $0.01 during mid-day trading on Wednesday, hitting $25.95. 1,377,114 shares of the stock traded hands, compared to its average volume of 1,980,000. Sprouts Farmers Market has a one year low of $17.38 and a one year high of $26.22. The firm has a market cap of $3,450.00, a PE ratio of 26.75, a PEG ratio of 2.06 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23.
Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business earned $0.16 EPS. The business’s revenue was up 16.4% on a year-over-year basis. equities research analysts forecast that Sprouts Farmers Market will post 1 earnings per share for the current year.
In other Sprouts Farmers Market news, CEO Amin N. Maredia sold 12,301 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $24.33, for a total transaction of $299,283.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brandon F. Lombardi sold 8,557 shares of Sprouts Farmers Market stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $25.74, for a total transaction of $220,257.18. The disclosure for this sale can be found here. Insiders have sold a total of 1,015,934 shares of company stock valued at $24,918,352 over the last 90 days. 2.60% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $224,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Sprouts Farmers Market by 8.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 807,897 shares of the company’s stock worth $19,673,000 after buying an additional 65,961 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Sprouts Farmers Market by 1,918.5% during the fourth quarter. Bank of Montreal Can now owns 112,210 shares of the company’s stock worth $2,731,000 after buying an additional 106,651 shares in the last quarter. Daiwa SB Investments Ltd. grew its holdings in shares of Sprouts Farmers Market by 96.7% during the fourth quarter. Daiwa SB Investments Ltd. now owns 45,819 shares of the company’s stock worth $1,116,000 after buying an additional 22,524 shares in the last quarter. Finally, Aurora Investment Counsel purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $1,115,000. Institutional investors and hedge funds own 90.13% of the company’s stock.
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Sprouts Farmers Market Company Profile
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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