Sprouts Farmers Market, Inc. (NASDAQ:SFM) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.
Several other research firms have also recently issued reports on SFM. Jefferies Group LLC cut Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a report on Thursday, July 27th. TheStreet upgraded Sprouts Farmers Market from a “c+” rating to a “b-” rating in a report on Tuesday, July 25th. Deutsche Bank AG reiterated a “hold” rating and issued a $24.00 price target (up previously from $22.00) on shares of Sprouts Farmers Market in a report on Wednesday, August 9th. Royal Bank Of Canada set a $28.00 price target on Sprouts Farmers Market and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Stephens began coverage on Sprouts Farmers Market in a report on Friday, August 11th. They issued an “equal weight” rating and a $25.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $24.28.
Shares of Sprouts Farmers Market (NASDAQ SFM) opened at $20.59 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. The company has a market capitalization of $2,767.87, a price-to-earnings ratio of 21.44, a PEG ratio of 1.85 and a beta of 0.54. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $25.98.
Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. research analysts expect that Sprouts Farmers Market will post 0.99 EPS for the current fiscal year.
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In related news, CFO Bradley Lukow purchased 7,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average cost of $19.80 per share, for a total transaction of $138,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Bruni purchased 15,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was bought at an average price of $19.00 per share, with a total value of $285,000.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Teachers Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 1.3% during the 1st quarter. Teachers Advisors LLC now owns 217,337 shares of the company’s stock worth $5,025,000 after acquiring an additional 2,767 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of 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 acquiring an additional 468 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Sprouts Farmers Market by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 828,926 shares of the company’s stock worth $19,163,000 after acquiring an additional 44,083 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Sprouts Farmers Market by 1.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 67,834 shares of the company’s stock worth $1,568,000 after acquiring an additional 783 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in shares of Sprouts Farmers Market by 0.9% during the 2nd quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock worth $310,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 88.87% of the company’s stock.
Sprouts Farmers Market Company Profile
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.
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