Sprouts Farmers Market (SFM) Downgraded to C+ at TheStreet

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Sprouts Farmers Market (NASDAQ:SFM) was downgraded by equities research analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued to investors on Tuesday.

Several other research analysts also recently commented on the company. Bank of America downgraded Sprouts Farmers Market from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $35.00 to $21.00 in a research note on Friday, November 30th. Zacks Investment Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. BidaskClub raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Barclays reissued a “hold” rating and issued a $25.00 price objective on shares of Sprouts Farmers Market in a research note on Wednesday, January 9th. Finally, Loop Capital set a $29.00 price objective on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Monday, November 5th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.48.

Shares of NASDAQ:SFM opened at $23.03 on Tuesday. Sprouts Farmers Market has a 1 year low of $20.63 and a 1 year high of $29.67. The company has a market cap of $2.95 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.56 and a beta of 0.56. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.30 and a current ratio of 1.08.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Sprouts Farmers Market had a return on equity of 27.02% and a net margin of 3.04%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $0.16 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Sell-side analysts expect that Sprouts Farmers Market will post 1.2 EPS for the current fiscal year.

In other Sprouts Farmers Market news, Director Kristen E. Blum purchased 2,000 shares of the stock in a transaction dated Friday, December 7th. The stock was acquired at an average cost of $24.40 per share, for a total transaction of $48,800.00. Following the acquisition, the director now owns 14,981 shares in the company, valued at approximately $365,536.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Theodore Edward Frumkin II sold 3,106 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $22.95, for a total value of $71,282.70. Following the transaction, the insider now owns 31,826 shares of the company’s stock, valued at $730,406.70. The disclosure for this sale can be found here. Insiders sold a total of 44,394 shares of company stock valued at $1,020,298 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of SFM. BlackRock Inc. grew its holdings in Sprouts Farmers Market by 0.7% in the fourth quarter. BlackRock Inc. now owns 11,254,952 shares of the company’s stock valued at $264,604,000 after purchasing an additional 76,227 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Sprouts Farmers Market by 27.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 4,067,236 shares of the company’s stock worth $95,621,000 after buying an additional 869,052 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Sprouts Farmers Market by 39.0% in the 3rd quarter. Clearbridge Investments LLC now owns 3,817,241 shares of the company’s stock worth $104,631,000 after acquiring an additional 1,070,177 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Sprouts Farmers Market by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,763,323 shares of the company’s stock valued at $64,965,000 after purchasing an additional 130,215 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position 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 worth $65,933,000 after purchasing an additional 10,271 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Sprouts Farmers Market Company Profile

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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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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