News headlines about Sprouts Farmers Market (NASDAQ:SFM) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sprouts Farmers Market earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.6258090913578 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
A number of brokerages have issued reports on SFM. Royal Bank of Canada reaffirmed a “buy” rating and set a $32.00 price objective on shares of Sprouts Farmers Market in a report on Friday. Gordon Haskett raised shares of Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 31st. BidaskClub raised shares of Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 price objective on shares of Sprouts Farmers Market in a research note on Wednesday, January 24th. Finally, Stephens set a $27.00 price objective on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $25.56.
Shares of Sprouts Farmers Market (NASDAQ SFM) traded up $0.56 during mid-day trading on Tuesday, hitting $26.49. The stock had a trading volume of 894,717 shares, compared to its average volume of 2,047,073. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $28.29. The stock has a market capitalization of $3,588.91, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 2.12 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23.
In related news, Director Shon A. Boney sold 848,409 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total value of $20,972,670.48. Following the sale, the director now owns 478,965 shares in the company, valued at $11,840,014.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amin N. Maredia sold 12,301 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were 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 1,634,260 shares of company stock worth $42,246,330 in the last 90 days. Insiders own 2.60% 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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