Royal Bank of Canada reiterated their buy rating on shares of Sprouts Farmers Market (NASDAQ:SFM) in a research report sent to investors on Friday, February 2nd. The firm currently has a $32.00 price target on the stock.
Several other research firms have also commented on SFM. Gordon Haskett upgraded shares of Sprouts Farmers Market from an accumulate rating to a buy rating and set a $27.00 price target on the stock in a report on Wednesday, January 31st. BidaskClub upgraded 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 issued a $32.00 price objective on shares of Sprouts Farmers Market in a research report on Wednesday, January 24th. Stephens set a $27.00 price objective on shares of Sprouts Farmers Market and gave the company a hold rating in a research report on Wednesday, January 17th. Finally, Zacks Investment Research downgraded shares of Sprouts Farmers Market from a buy rating to a hold rating in a research report on Friday, January 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $26.33.
Sprouts Farmers Market (SFM) opened at $26.20 on Friday. The stock has a market cap of $3,506.41, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $28.29.
In other Sprouts Farmers Market news, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Theodore Edward Frumkin II sold 36,667 shares of Sprouts Farmers Market stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.93, for a total value of $877,441.31. Following the transaction, the insider now directly owns 58,912 shares in the company, valued at approximately $1,409,764.16. The disclosure for this sale can be found here. Insiders sold a total of 1,651,481 shares of company stock worth $42,706,303 in the last three months. 2.60% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in SFM. Old Mutual Global Investors UK Ltd. purchased a new position in Sprouts Farmers Market during the 3rd quarter valued at about $40,505,000. PointState Capital LP purchased a new position in Sprouts Farmers Market during the 2nd quarter valued at about $32,954,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sprouts Farmers Market by 193.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,210,134 shares of the company’s stock valued at $29,467,000 after buying an additional 797,935 shares during the last quarter. Smith Asset Management Group LP acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at about $18,929,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sprouts Farmers Market by 49.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock valued at $37,717,000 after buying an additional 665,598 shares during the last quarter. 90.21% of the stock is currently owned by institutional investors.
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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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