Media headlines about Sprouts Farmers Market (NASDAQ:SFM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sprouts Farmers Market earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.672366536338 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
SFM has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $32.00 price target on shares of Sprouts Farmers Market in a report on Thursday, February 15th. BidaskClub raised shares of Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. Zacks Investment Research raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Wednesday, February 28th. Deutsche Bank lifted their price target on shares of Sprouts Farmers Market from $24.00 to $27.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Finally, Loop Capital set a $24.00 price target on shares of Sprouts Farmers Market and gave the company a “hold” rating in a report on Friday, May 4th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $26.39.
Shares of NASDAQ:SFM opened at $21.79 on Friday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 21.57, a PEG ratio of 1.41 and a beta of 0.88. Sprouts Farmers Market has a fifty-two week low of $17.55 and a fifty-two week high of $28.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.24 and a current ratio of 1.00.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Sprouts Farmers Market had a net margin of 3.71% and a return on equity of 24.93%. Sprouts Farmers Market’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. research analysts expect that Sprouts Farmers Market will post 1.25 earnings per share for the current fiscal year.
Sprouts Farmers Market announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 22nd that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other Sprouts Farmers Market news, CEO Amin N. Maredia sold 142,454 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $25.43, for a total transaction of $3,622,605.22. Following the sale, the chief executive officer now directly owns 388,311 shares in the company, valued at approximately $9,874,748.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Shawn R. Gensch sold 997 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $25.24, for a total transaction of $25,164.28. Following the sale, the chief marketing officer now owns 26,423 shares in the company, valued at $666,916.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 222,474 shares of company stock worth $5,559,885. 1.80% of the stock is currently owned by insiders.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.
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