Sprouts Farmers Market, Inc. (SFM) Shares Gap Down to $20.80

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) gapped down before the market opened on Tuesday . The stock had previously closed at $21.73, but opened at $20.80. Sprouts Farmers Market shares last traded at $20.85, with a volume of 1199400 shares traded.

SFM has been the subject of a number of research reports. BMO Capital Markets set a $24.00 target price on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Tuesday, August 29th. SunTrust Banks, Inc. reissued a “buy” rating and set a $27.00 target price on shares of Sprouts Farmers Market in a research note on Friday, September 15th. Zacks Investment Research cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. William Blair reissued a “buy” rating on shares of Sprouts Farmers Market in a research note on Friday, August 25th. Finally, BidaskClub cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.28.

The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. The company has a market cap of $2,767.87, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.85 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. Sprouts Farmers Market’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. sell-side analysts expect that Sprouts Farmers Market, Inc. will post 0.99 earnings per share for the current fiscal year.

In related news, CFO Bradley Lukow acquired 7,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average cost of $19.80 per share, for a total transaction of $138,600.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven H. Townsend sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $24.42, for a total transaction of $366,300.00. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its holdings in Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after buying an additional 4,864 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Sprouts Farmers Market by 9.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after buying an additional 468 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Sprouts Farmers Market by 2.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock worth $171,000 after buying an additional 170 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Sprouts Farmers Market by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after buying an additional 1,161 shares in the last quarter. Finally, First Quadrant L P CA lifted its holdings in Sprouts Farmers Market by 16.3% during the 2nd quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock worth $179,000 after buying an additional 1,105 shares in the last quarter. Institutional investors own 88.87% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Sprouts Farmers Market, Inc. (SFM) Shares Gap Down to $20.80” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/11/15/sprouts-farmers-market-inc-sfm-shares-gap-down-to-20-80.html.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Receive News & Ratings for Sprouts Farmers Market Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply