Credit Suisse Group Analysts Give Sprouts Farmers Market (SFM) a $26.00 Price Target

Sprouts Farmers Market (NASDAQ:SFM) has been assigned a $26.00 price objective by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the stock. Credit Suisse Group’s price objective suggests a potential downside of 2.66% from the stock’s current price.

Other analysts also recently issued reports about the stock. William Blair restated an “outperform” rating on shares of Sprouts Farmers Market in a research report on Tuesday, August 14th. Citigroup raised their price objective on shares of Sprouts Farmers Market from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. BMO Capital Markets restated a “hold” rating and set a $25.00 price objective (up from $23.00) on shares of Sprouts Farmers Market in a research report on Friday, August 3rd. UBS Group raised their price objective on shares of Sprouts Farmers Market from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, September 10th. Finally, TheStreet upgraded shares of Sprouts Farmers Market from a “c+” rating to a “b” rating in a research report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.22.

SFM traded down $0.30 during trading on Friday, hitting $26.71. The company’s stock had a trading volume of 138,024 shares, compared to its average volume of 1,868,847. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. Sprouts Farmers Market has a one year low of $19.52 and a one year high of $29.67. The company has a market capitalization of $3.51 billion, a PE ratio of 26.44, a PEG ratio of 1.76 and a beta of 0.82.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. Sprouts Farmers Market had a net margin of 3.62% and a return on equity of 25.56%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. Equities analysts forecast that Sprouts Farmers Market will post 1.26 earnings per share for the current fiscal year.

In other Sprouts Farmers Market news, Director Joe Fortunato sold 1,000 shares of Sprouts Farmers Market stock in a transaction on Friday, September 21st. The shares were sold at an average price of $27.52, for a total value of $27,520.00. Following the completion of the transaction, the director now directly owns 21,707 shares of the company’s stock, valued at approximately $597,376.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandon F. Lombardi sold 50,000 shares of Sprouts Farmers Market stock in a transaction on Friday, September 7th. The stock was sold at an average price of $28.28, for a total transaction of $1,414,000.00. Following the completion of the transaction, the insider now directly owns 93,581 shares of the company’s stock, valued at $2,646,470.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,929 shares of company stock worth $3,137,967. 1.80% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. American Assets Investment Management LLC purchased a new position in shares of Sprouts Farmers Market during the 2nd quarter worth about $380,000. BNP Paribas Arbitrage SA boosted its stake in shares of Sprouts Farmers Market by 67.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 37,838 shares of the company’s stock worth $835,000 after purchasing an additional 15,284 shares during the period. Global X Management Co LLC boosted its stake in shares of Sprouts Farmers Market by 64.3% during the 2nd quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock worth $197,000 after purchasing an additional 3,485 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Sprouts Farmers Market by 6.5% during the 2nd quarter. Wells Fargo & Company MN now owns 450,329 shares of the company’s stock worth $9,938,000 after purchasing an additional 27,287 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Sprouts Farmers Market by 5,016.0% during the 2nd quarter. Voya Investment Management LLC now owns 2,412,642 shares of the company’s stock worth $53,246,000 after purchasing an additional 2,365,483 shares during the period. 93.19% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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