Sprouts Farmers Market Inc. (NASDAQ:SFM) has received an average rating of “Buy” from the twenty-seven analysts that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.94.
Several equities research analysts have recently weighed in on SFM shares. Zacks Investment Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Saturday, July 16th. JPMorgan Chase & Co. started coverage on shares of Sprouts Farmers Market in a research report on Monday, July 18th. They issued a “neutral” rating and a $24.00 target price for the company. Deutsche Bank AG dropped their target price on shares of Sprouts Farmers Market from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. Credit Suisse Group AG reissued a “buy” rating and issued a $28.00 target price on shares of Sprouts Farmers Market in a research report on Monday, August 8th. Finally, Barclays PLC started coverage on shares of Sprouts Farmers Market in a research report on Friday, September 23rd. They issued an “overweight” rating and a $24.00 target price for the company.
Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at 21.74 on Wednesday. The stock’s 50 day moving average is $20.93 and its 200 day moving average is $23.81. Sprouts Farmers Market has a 52 week low of $18.70 and a 52 week high of $30.00. The firm has a market cap of $3.23 billion, a P/E ratio of 23.18 and a beta of 0.75.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Sprouts Farmers Market had a net margin of 3.72% and a return on equity of 17.77%. The firm had revenue of $1,000 million for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business posted $0.22 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts predict that Sprouts Farmers Market will post $0.85 earnings per share for the current fiscal year.
In other Sprouts Farmers Market news, CFO Bradley Lukow bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was acquired at an average cost of $20.05 per share, with a total value of $40,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Rafferty Asset Management LLC acquired a new stake in Sprouts Farmers Market during the first quarter valued at approximately $489,000. Riverhead Capital Management LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at approximately $683,000. Emerald Acquisition Ltd. purchased a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $1,158,000. UBS Group AG increased its stake in shares of Sprouts Farmers Market by 110.7% in the first quarter. UBS Group AG now owns 808,759 shares of the company’s stock valued at $23,486,000 after buying an additional 424,986 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at approximately $2,296,000. 93.47% of the stock is owned by institutional investors and hedge funds.
About Sprouts Farmers Market
Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.
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