Sprouts Farmers Market (NASDAQ:SFM) has been assigned a $29.00 price objective by BMO Capital Markets in a research report issued to clients and investors on Tuesday. The firm presently has a “hold” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 11.58% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Susquehanna Bancshares set a $30.00 price target on Sprouts Farmers Market and gave the company a “buy” rating in a report on Thursday, January 11th. Oppenheimer boosted their target price on Sprouts Farmers Market from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Gordon Haskett upgraded Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 31st. Royal Bank of Canada restated a “buy” rating and issued a $32.00 target price on shares of Sprouts Farmers Market in a report on Friday, February 2nd. Finally, Goldman Sachs Group restated a “sell” rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $26.42.
Shares of Sprouts Farmers Market (NASDAQ:SFM) traded up $0.90 during trading on Tuesday, hitting $25.99. The stock had a trading volume of 3,810,500 shares, compared to its average volume of 2,103,167. The firm has a market cap of $3,344.78, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.68 and a beta of 0.80. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.73. Sprouts Farmers Market has a fifty-two week low of $17.38 and a fifty-two week high of $28.29.
Sprouts Farmers Market declared that its Board of Directors has approved a stock buyback program on Thursday, February 22nd that allows the company to repurchase $350.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other Sprouts Farmers Market news, COO James Leroy Nielsen sold 110,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $23.17, for a total value of $2,548,700.00. Following the transaction, the chief operating officer now directly owns 207,108 shares of the company’s stock, valued at approximately $4,798,692.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Theodore Edward Frumkin II sold 36,667 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $23.93, for a total value of $877,441.31. Following the completion of the transaction, the insider now directly owns 58,912 shares in the company, valued at $1,409,764.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,651,481 shares of company stock worth $42,706,303. Company insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC increased its position in shares of Sprouts Farmers Market by 8.5% during the second quarter. Parametric Portfolio Associates LLC now owns 149,820 shares of the company’s stock valued at $3,396,000 after purchasing an additional 11,705 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Sprouts Farmers Market by 62.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,343,803 shares of the company’s stock valued at $30,464,000 after purchasing an additional 514,877 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $407,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Sprouts Farmers Market by 14.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,828 shares of the company’s stock valued at $427,000 after purchasing an additional 2,409 shares during the period. Finally, APG Asset Management N.V. bought a new stake in shares of Sprouts Farmers Market during the third quarter valued at approximately $6,532,000. 91.18% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.