Sprouts Farmers Market Inc (NASDAQ:SFM) has received an average rating of “Buy” from the twenty-five analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $26.83.
Several research analysts have recently weighed in on SFM shares. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research note on Monday, November 20th. TheStreet raised Sprouts Farmers Market from a “c” rating to a “b-” rating in a research note on Monday, December 4th. BidaskClub raised Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Susquehanna Bancshares set a $30.00 price objective on Sprouts Farmers Market and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Stephens set a $25.00 price objective on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Wednesday, January 10th.
Shares of Sprouts Farmers Market (NASDAQ SFM) traded up $0.30 during mid-day trading on Friday, hitting $24.47. The stock had a trading volume of 1,131,408 shares, compared to its average volume of 2,076,547. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3,244.80, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 1.48 and a beta of 0.84. Sprouts Farmers Market has a twelve month low of $17.55 and a twelve month high of $28.29.
Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 22nd. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Sprouts Farmers Market had a return on equity of 21.81% and a net margin of 3.40%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. research analysts forecast that Sprouts Farmers Market will post 1.27 EPS for the current year.
Sprouts Farmers Market announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 22nd that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
In other Sprouts Farmers Market news, Director Shon A. Boney sold 848,409 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 478,965 shares in the company, valued at approximately $11,840,014.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Amin N. Maredia sold 12,301 shares of the company’s stock in a transaction 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. Over the last 90 days, insiders sold 1,687,729 shares of company stock valued at $43,925,046. 2.60% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Old Mutual Global Investors UK Ltd. grew its holdings in shares of Sprouts Farmers Market by 60.2% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 3,457,233 shares of the company’s stock worth $84,183,000 after purchasing an additional 1,299,240 shares during the period. Arrowstreet Capital Limited Partnership grew 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 worth $29,467,000 after purchasing an additional 797,935 shares during the period. Smith Asset Management Group LP purchased a new position in shares of Sprouts Farmers Market during the 4th quarter worth $18,929,000. Millennium Management LLC grew its holdings in shares of Sprouts Farmers Market by 103.3% during the 4th quarter. Millennium Management LLC now owns 1,439,420 shares of the company’s stock worth $35,050,000 after purchasing an additional 731,398 shares during the period. Finally, Dimensional Fund Advisors LP grew 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 worth $37,717,000 after purchasing an additional 665,598 shares during the period. Institutional investors own 92.32% of the company’s stock.
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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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