Media coverage about Sprouts Farmers Market (NASDAQ:SFM) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sprouts Farmers Market earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.0364214065743 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Two Stable Stocks: Michael Kors Holdings Limited (NYSE:KORS), Sprouts Farmers Market, Inc. (NASDAQ:SFM) – The Oracle Examiner (oracleexaminer.com)
- Sprouts Farmers Market Inc (SFM) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- $1.14 Billion in Sales Expected for Sprouts Farmers Market Inc (SFM) This Quarter (americanbankingnews.com)
- Sprouts Farmers Market, Inc. (SFM) Stocks within Institutional Investors Spotlight: Micsurgedmi Corporation (MSCC) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Top-notch Stocks to Watch: Sprouts Farmers Market, Inc. (SFM), CNX Resources Corporation (CNX) – Market Movers (financialqz.com)
Sprouts Farmers Market (NASDAQ:SFM) traded up $0.58 during mid-day trading on Tuesday, hitting $27.64. 2,170,000 shares of the stock were exchanged, compared to its average volume of 1,910,000. Sprouts Farmers Market has a twelve month low of $17.38 and a twelve month high of $27.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. The firm has a market capitalization of $3,680.00, a price-to-earnings ratio of 28.49, a P/E/G ratio of 2.13 and a beta of 0.67.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s revenue was up 16.4% compared to the same quarter last year. equities research analysts predict that Sprouts Farmers Market will post 1 EPS for the current fiscal year.
Several research firms recently commented on SFM. Stephens set a $27.00 target price on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research note on Wednesday, January 17th. Zacks Investment Research lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Royal Bank of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research note on Monday, October 30th. BMO Capital Markets increased their target price on shares of Sprouts Farmers Market from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Finally, Goldman Sachs Group reissued a “sell” rating and set a $18.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $25.00.
In other Sprouts Farmers Market news, Director Shon A. Boney sold 848,409 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $24.72, for a total value of $20,972,670.48. Following the transaction, the director now owns 478,965 shares in the company, valued at approximately $11,840,014.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $23.93, for a total transaction of $877,441.31. Following the completion of the transaction, the insider now owns 58,912 shares in the company, valued at approximately $1,409,764.16. The disclosure for this sale can be found here. Insiders have sold 1,015,934 shares of company stock worth $24,918,352 in the last 90 days. 2.60% of the stock is owned by company insiders.
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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.
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