Sprouts Farmers Market (SFM) Stock Rating Lowered by BidaskClub

Sprouts Farmers Market (NASDAQ:SFM) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

SFM has been the topic of several other reports. Zacks Investment Research downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Loop Capital set a $24.00 price objective on Sprouts Farmers Market and gave the company a “hold” rating in a research report on Tuesday, July 17th. Jefferies Financial Group set a $26.00 price objective on Sprouts Farmers Market and gave the company a “hold” rating in a research report on Friday, August 3rd. Oppenheimer upped their price objective on Sprouts Farmers Market from $25.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, September 21st. Finally, UBS Group upped their price objective on Sprouts Farmers Market from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.50.

SFM traded down $0.15 during trading on Thursday, reaching $27.01. 1,453,076 shares of the stock were exchanged, compared to its average volume of 2,153,320. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 1.15. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 1.73 and a beta of 0.74. Sprouts Farmers Market has a 1 year low of $19.80 and a 1 year high of $29.67.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, November 1st. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. Sprouts Farmers Market had a return on equity of 25.85% and a net margin of 3.65%. Sprouts Farmers Market’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. On average, analysts predict that Sprouts Farmers Market will post 1.28 EPS for the current fiscal year.

In other Sprouts Farmers Market news, COO Dan J. Sanders sold 19,929 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $28.91, for a total transaction of $576,147.39. Following the completion of the sale, the chief operating officer now directly owns 610,846 shares in the company, valued at $17,659,557.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brandon F. Lombardi sold 45,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $24.34, for a total value of $1,095,300.00. Following the sale, the insider now owns 88,581 shares of the company’s stock, valued at $2,156,061.54. The disclosure for this sale can be found here. Insiders sold 116,929 shares of company stock valued at $3,137,967 over the last quarter. Insiders own 1.80% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Rafferty Asset Management LLC acquired a new stake in Sprouts Farmers Market during the third quarter worth about $288,000. American International Group Inc. increased its stake in Sprouts Farmers Market by 4.7% during the third quarter. American International Group Inc. now owns 259,178 shares of the company’s stock worth $7,104,000 after acquiring an additional 11,536 shares during the last quarter. BlackRock Inc. increased its stake in Sprouts Farmers Market by 1.9% during the third quarter. BlackRock Inc. now owns 11,178,725 shares of the company’s stock worth $306,410,000 after acquiring an additional 205,107 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Sprouts Farmers Market by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 2,405,430 shares of the company’s stock worth $65,933,000 after acquiring an additional 10,271 shares during the last quarter. Finally, EAM Investors LLC acquired a new stake in Sprouts Farmers Market during the third quarter worth about $3,138,000. Institutional investors own 92.70% of the company’s stock.

About Sprouts Farmers Market

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.

Further Reading: Correction

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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