Shares of Sprouts Farmers Market Inc (NASDAQ:SFM) have been given an average rating of “Hold” by the twenty-four analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $26.25.
SFM has been the subject of a number of analyst reports. Susquehanna Bancshares set a $27.00 price target on Sprouts Farmers Market and gave the company a “buy” rating in a research note on Monday, May 21st. Credit Suisse Group initiated coverage on Sprouts Farmers Market in a research note on Tuesday, April 17th. They issued a “neutral” rating and a $26.00 price target for the company. Zacks Investment Research upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, February 28th. Deutsche Bank decreased their price target on Sprouts Farmers Market from $27.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, May 4th. Finally, Loop Capital set a $24.00 price target on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Friday, May 4th. They noted that the move was a valuation call.
Sprouts Farmers Market traded up $0.21, reaching $22.23, during mid-day trading on Tuesday, MarketBeat.com reports. The company had a trading volume of 1,283,266 shares, compared to its average volume of 1,871,425. The company has a quick ratio of 0.24, a current ratio of 1.00 and a debt-to-equity ratio of 0.76. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 1.41 and a beta of 0.84. Sprouts Farmers Market has a 52 week low of $17.55 and a 52 week high of $28.29.
Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Sprouts Farmers Market had a return on equity of 24.93% and a net margin of 3.71%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. equities research analysts anticipate that Sprouts Farmers Market will post 1.25 EPS for the current fiscal year.
In other news, CEO Amin N. Maredia sold 39,559 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 332,759 shares of the company’s stock, valued at $7,696,715.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in SFM. Arrowstreet Capital Limited Partnership lifted its holdings in 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 last quarter. Smith Asset Management Group LP acquired a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $18,929,000. Millennium Management LLC lifted its holdings in 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 last quarter. Nuveen Asset Management LLC acquired a new stake in Sprouts Farmers Market during the 1st quarter worth approximately $16,984,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Sprouts Farmers Market by 341.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 818,180 shares of the company’s stock worth $19,922,000 after purchasing an additional 632,651 shares during the last quarter. 92.49% of the stock is owned by institutional investors and hedge funds.
About Sprouts Farmers Market
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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