News headlines about Sprouts Farmers Market (NASDAQ:SFM) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sprouts Farmers Market earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.530548266256 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
Shares of SFM stock opened at $24.51 on Wednesday. Sprouts Farmers Market has a 52-week low of $17.55 and a 52-week high of $28.29. The firm has a market capitalization of $3,263.46, a price-to-earnings ratio of 21.50, a PEG ratio of 1.49 and a beta of 0.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.23 and a current ratio of 1.00.
Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 22nd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Sprouts Farmers Market had a return on equity of 21.81% and a net margin of 3.40%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. equities research analysts predict that Sprouts Farmers Market will post 1.27 EPS for the current year.
Sprouts Farmers Market announced that its board has authorized a stock repurchase program on Thursday, February 22nd that allows the company to buyback $350.00 million in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
A number of analysts recently issued reports on the company. Gordon Haskett upgraded Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, January 31st. Stephens set a $27.00 price target on Sprouts Farmers Market and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Zacks Investment Research downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Susquehanna Bancshares set a $30.00 price target on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Citigroup raised their price target on Sprouts Farmers Market from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $27.11.
In other news, CMO Shawn R. Gensch sold 997 shares of Sprouts Farmers Market stock in a transaction on Monday, March 5th. The stock was sold at an average price of $25.24, for a total transaction of $25,164.28. Following the completion of the sale, the chief marketing officer now directly owns 26,423 shares in the company, valued at $666,916.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brandon F. Lombardi sold 8,327 shares of Sprouts Farmers Market stock in a transaction on Monday, March 12th. The stock was sold at an average price of $25.31, for a total value of $210,756.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,687,729 shares of company stock valued at $43,925,046. Corporate 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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