Susquehanna Bancshares set a $27.00 price target on Sprouts Farmers Market (NASDAQ:SFM) in a research note released on Monday. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Sprouts Farmers Market from a buy rating to a hold rating in a research report on Saturday, May 5th. Loop Capital set a $24.00 target price on Sprouts Farmers Market and gave the company a hold rating in a research report on Friday, May 4th. They noted that the move was a valuation call. Morgan Stanley dropped their target price on Sprouts Farmers Market from $26.00 to $24.00 and set an equal weight rating on the stock in a research report on Friday, May 4th. Deutsche Bank dropped their target price on Sprouts Farmers Market from $27.00 to $23.00 and set a hold rating on the stock in a research report on Friday, May 4th. Finally, BMO Capital Markets set a $23.00 target price on Sprouts Farmers Market and gave the company a hold rating in a research report on Friday, May 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $26.39.
Sprouts Farmers Market opened at $21.83 on Monday, according to Marketbeat.com. Sprouts Farmers Market has a one year low of $17.55 and a one year high of $28.29. The stock has a market cap of $2.89 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.38 and a beta of 0.88. The company has a current ratio of 1.00, a quick ratio of 0.24 and a debt-to-equity ratio of 0.76.
Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, May 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. Sprouts Farmers Market had a return on equity of 24.93% and a net margin of 3.71%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $0.33 EPS. Sprouts Farmers Market’s revenue for the quarter was up 13.8% compared to the same quarter last year. research analysts anticipate that Sprouts Farmers Market will post 1.25 earnings per share for the current fiscal year.
Sprouts Farmers Market declared that its board has authorized a stock buyback program on Thursday, February 22nd that authorizes the company to buyback $350.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
In other news, CEO Amin N. Maredia sold 142,454 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $25.43, for a total transaction of $3,622,605.22. Following the completion of the transaction, the chief executive officer now directly owns 388,311 shares in the company, valued at approximately $9,874,748.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amin N. Maredia sold 39,559 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $23.13, for a total value of $914,999.67. Following the transaction, the chief executive officer now owns 332,759 shares of the company’s stock, valued at $7,696,715.67. The disclosure for this sale can be found here. Insiders have sold a total of 222,474 shares of company stock valued at $5,559,885 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SFM. Point72 Asia Hong Kong Ltd boosted its stake in shares of Sprouts Farmers Market by 996.0% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 5,973 shares of the company’s stock worth $140,000 after acquiring an additional 5,428 shares during the period. TLP Group LLC boosted its stake in Sprouts Farmers Market by 4,534.1% in the 1st quarter. TLP Group LLC now owns 6,395 shares of the company’s stock valued at $150,000 after purchasing an additional 6,257 shares during the period. Macquarie Group Ltd. bought a new stake in Sprouts Farmers Market in the 4th quarter valued at $168,000. Meeder Asset Management Inc. boosted its stake in Sprouts Farmers Market by 61.3% in the 1st quarter. Meeder Asset Management Inc. now owns 8,712 shares of the company’s stock valued at $204,000 after purchasing an additional 3,310 shares during the period. Finally, Van Hulzen Asset Management LLC bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $210,000. Institutional investors own 93.09% of the company’s stock.
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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