Sprouts Farmers Market Inc (NASDAQ:SFM) has received an average rating of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $26.00.
Several research analysts have commented on the company. Credit Suisse Group assumed coverage on Sprouts Farmers Market in a research report on Thursday, August 6th. They issued a “hold” rating and a $26.00 price objective on the stock. ValuEngine lowered Sprouts Farmers Market from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Jefferies Financial Group reissued a “hold” rating and issued a $30.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, August 11th. Barclays lowered Sprouts Farmers Market from an “equal weight” rating to an “underweight” rating and set a $20.00 price objective on the stock. in a research report on Wednesday, July 8th. Finally, BidaskClub lowered Sprouts Farmers Market from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 3rd.
Sprouts Farmers Market stock traded up $0.02 during midday trading on Tuesday, reaching $20.97. The stock had a trading volume of 1,738,254 shares, compared to its average volume of 2,486,130. Sprouts Farmers Market has a twelve month low of $13.00 and a twelve month high of $28.00. The stock has a market capitalization of $2.47 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 1.10 and a beta of 0.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.62 and a current ratio of 1.07. The stock’s 50-day simple moving average is $22.97 and its 200 day simple moving average is $22.67.
Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.17. Sprouts Farmers Market had a return on equity of 34.45% and a net margin of 3.56%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts predict that Sprouts Farmers Market will post 2.12 earnings per share for the current fiscal year.
In other news, Director Joel D. Anderson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $23.95 per share, for a total transaction of $119,750.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Twin Tree Management LP acquired a new position in shares of Sprouts Farmers Market during the first quarter worth approximately $26,000. Cerebellum GP LLC acquired a new position in shares of Sprouts Farmers Market during the second quarter worth approximately $26,000. Jacobi Capital Management LLC boosted its position in shares of Sprouts Farmers Market by 2,389.3% during the second quarter. Jacobi Capital Management LLC now owns 1,394 shares of the company’s stock worth $27,000 after buying an additional 1,338 shares during the period. Signaturefd LLC boosted its position in shares of Sprouts Farmers Market by 42.8% during the second quarter. Signaturefd LLC now owns 1,522 shares of the company’s stock worth $39,000 after buying an additional 456 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Sprouts Farmers Market by 870.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,406 shares of the company’s stock worth $45,000 after buying an additional 2,158 shares during the period. Institutional investors and hedge funds own 96.18% 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, 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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