Sanford C. Bernstein assumed coverage on shares of Sprouts Farmers Market (NASDAQ:SFM) in a research note released on Friday, Marketbeat.com reports. The firm issued an underperform rating and a $23.00 price objective on the stock.
A number of other equities research analysts have also commented on the company. Zacks Investment Research restated a hold rating on shares of Sprouts Farmers Market in a research report on Thursday. BidaskClub lowered Sprouts Farmers Market from a buy rating to a hold rating in a research report on Thursday, November 8th. Loop Capital set a $29.00 price objective on Sprouts Farmers Market and gave the stock a hold rating in a research report on Monday, November 5th. Credit Suisse Group set a $26.00 price objective on Sprouts Farmers Market and gave the stock a hold rating in a research report on Friday, November 2nd. Finally, Morgan Stanley set a $26.00 price objective on Sprouts Farmers Market and gave the stock a hold rating in a research report on Monday, October 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. Sprouts Farmers Market has a consensus rating of Hold and a consensus price target of $27.78.
Shares of NASDAQ:SFM traded up $0.17 during midday trading on Friday, reaching $27.67. The company had a trading volume of 2,181,539 shares, compared to its average volume of 2,196,925. Sprouts Farmers Market has a 1-year low of $20.42 and a 1-year high of $29.67. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.85 and a beta of 0.74. The company has a quick ratio of 0.30, a current ratio of 1.15 and a debt-to-equity ratio of 0.87.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Sprouts Farmers Market had a return on equity of 25.85% and a net margin of 3.65%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company posted $0.23 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts predict that Sprouts Farmers Market will post 1.28 earnings per share for the current year.
In related news, Director Joe Fortunato sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $27.52, for a total value of $27,520.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brandon F. Lombardi sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $28.28, for a total value of $1,414,000.00. Following the completion of the transaction, the insider now directly owns 93,581 shares in the company, valued at $2,646,470.68. The disclosure for this sale can be found here. Insiders have sold a total of 71,929 shares of company stock valued at $2,042,667 over the last ninety days. Company insiders own 1.80% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new stake in Sprouts Farmers Market in the 2nd quarter valued at approximately $102,000. Harvest Fund Management Co. Ltd acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at approximately $194,000. NumerixS Investment Technologies Inc grew its holdings in Sprouts Farmers Market by 407.1% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 7,100 shares of the company’s stock valued at $159,000 after buying an additional 5,700 shares during the last quarter. Keybank National Association OH acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at approximately $201,000. Finally, First Republic Investment Management Inc. acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at approximately $205,000. 92.65% of the stock is currently 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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