Analysts’ Weekly Ratings Changes for Sprouts Farmers Market (SFM)

Several analysts have recently updated their ratings and price targets for Sprouts Farmers Market (NASDAQ: SFM):

  • 11/8/2018 – Sprouts Farmers Market was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/5/2018 – Sprouts Farmers Market was given a new $29.00 price target on by analysts at Loop Capital. They now have a “hold” rating on the stock.
  • 11/2/2018 – Sprouts Farmers Market was given a new $26.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 10/31/2018 – Sprouts Farmers Market was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/22/2018 – Sprouts Farmers Market was given a new $26.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 10/8/2018 – Sprouts Farmers Market was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “Shares of Sprouts Farmers have rose and outpaced the industry in the past three months. The stock got a major boost following the company’s decent second-quarter 2018 results, wherein both the top and bottom lines continued to increase in double-digits. While earnings came in line with the Zacks Consensus Estimate, net sales marginally beat the consensus mark. This prompted management to raise the lower end of the full-year earnings forecast but maintained its net sales and comparable store sales growth view. Looking ahead, we observe that the company is taking prudent steps to expand its customer base, and the launch of Sprouts.com website and mobile app are testimony to the same. The company is trying all means to provide ready-to-eat, ready-to-heat, and ready-to-cook items to customers. However, the company’s projection of gross margin, direct store expense and SG&A deleverage for the full year raises a bit concern.”
  • 9/24/2018 – Sprouts Farmers Market was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating. They now have a $26.00 price target on the stock.
  • 9/21/2018 – Sprouts Farmers Market had its price target raised by analysts at Oppenheimer Holdings Inc. from $25.00 to $31.00. They now have an “outperform” rating on the stock.
  • 9/21/2018 – Sprouts Farmers Market was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/17/2018 – Sprouts Farmers Market was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $30.00 price target on the stock.
  • 9/12/2018 – Sprouts Farmers Market was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/11/2018 – Sprouts Farmers Market was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/10/2018 – Sprouts Farmers Market had its price target raised by analysts at UBS Group AG from $28.00 to $33.00. They now have a “buy” rating on the stock.

Shares of SFM stock traded down $0.15 during trading hours on Friday, hitting $27.01. 1,453,076 shares of the company were exchanged, compared to its average volume of 1,829,999. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 1.15. Sprouts Farmers Market Inc has a one year low of $19.80 and a one year high of $29.67. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.70 and a beta of 0.74.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Sprouts Farmers Market had a net margin of 3.65% and a return on equity of 25.85%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned $0.23 earnings per share. Sprouts Farmers Market’s revenue was up 10.2% compared to the same quarter last year. As a group, research analysts forecast that Sprouts Farmers Market Inc will post 1.28 EPS 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 shares were sold at an average price of $27.52, for a total transaction of $27,520.00. Following the completion of the sale, the director now directly owns 21,707 shares in the company, valued at $597,376.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brandon F. Lombardi sold 50,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 93,581 shares of the company’s stock, valued at $2,646,470.68. The disclosure for this sale can be found here. Insiders have sold 116,929 shares of company stock worth $3,137,967 in the last quarter. Company insiders own 1.80% of the company’s stock.

A number of large investors have recently modified their holdings of SFM. Rafferty Asset Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at $288,000. American International Group Inc. boosted its stake in shares of Sprouts Farmers Market by 4.7% during the 3rd quarter. American International Group Inc. now owns 259,178 shares of the company’s stock valued at $7,104,000 after buying an additional 11,536 shares during the period. BlackRock Inc. boosted its stake in shares of Sprouts Farmers Market by 1.9% during the 3rd quarter. BlackRock Inc. now owns 11,178,725 shares of the company’s stock valued at $306,410,000 after buying an additional 205,107 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Sprouts Farmers Market by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,405,430 shares of the company’s stock valued at $65,933,000 after buying an additional 10,271 shares during the period. Finally, EAM Investors LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at $3,138,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

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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