Sprouts Farmers Market (NASDAQ:SFM) Sees Strong Trading Volume

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Sprouts Farmers Market Inc (NASDAQ:SFM) saw unusually-strong trading volume on Monday . 2,334,124 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 1,603,483 shares.The stock last traded at $20.14 and had previously closed at $19.80.

A number of equities research analysts have recently issued reports on SFM shares. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Thursday, August 15th. Zacks Investment Research cut Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $20.00 target price for the company. in a report on Wednesday, October 23rd. ValuEngine raised Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Barclays reiterated a “hold” rating and issued a $19.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, November 1st. Finally, BidaskClub upgraded shares of Sprouts Farmers Market from a “strong sell” rating to a “sell” rating in a report on Tuesday. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $21.22.

The business has a fifty day simple moving average of $19.38 and a two-hundred day simple moving average of $19.02. The company has a current ratio of 0.87, a quick ratio of 0.27 and a debt-to-equity ratio of 2.92. The stock has a market cap of $2.34 billion, a PE ratio of 15.64, a P/E/G ratio of 2.78 and a beta of 0.35.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Sprouts Farmers Market had a return on equity of 25.50% and a net margin of 2.36%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. On average, research analysts predict that Sprouts Farmers Market Inc will post 1.12 earnings per share for the current year.

In other news, insider David Mcglinchey sold 1,655 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.96, for a total transaction of $33,033.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Jefferies Group LLC raised its position in Sprouts Farmers Market by 165.3% in the 2nd quarter. Jefferies Group LLC now owns 229,203 shares of the company’s stock valued at $4,330,000 after purchasing an additional 142,812 shares during the last quarter. Morgan Stanley boosted its holdings in Sprouts Farmers Market by 182.4% during the second quarter. Morgan Stanley now owns 468,899 shares of the company’s stock worth $8,859,000 after buying an additional 302,852 shares in the last quarter. Teza Capital Management LLC acquired a new position in Sprouts Farmers Market during the second quarter worth about $283,000. Assenagon Asset Management S.A. purchased a new position in Sprouts Farmers Market in the third quarter valued at about $4,307,000. Finally, AQR Capital Management LLC increased its holdings in Sprouts Farmers Market by 1,362.8% in the second quarter. AQR Capital Management LLC now owns 144,714 shares of the company’s stock valued at $2,734,000 after buying an additional 134,821 shares in the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

About Sprouts Farmers Market (NASDAQ:SFM)

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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