Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $64.77.
A number of research firms have recently commented on SFM. Zacks Research cut Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Monday, September 21st. Royal Bank Of Canada lowered shares of Sprouts Farmers Market from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $111.00 to $49.00 in a research report on Thursday. Evercore reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, September 1st. Finally, Jefferies Financial Group dropped their target price on shares of Sprouts Farmers Market from $95.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday.
Check Out Our Latest Stock Report on Sprouts Farmers Market
Insiders Place Their Bets
In other news, CEO Jack Sinclair sold 10,788 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $64.48, for a total transaction of $695,610.24. Following the completion of the transaction, the chief executive officer owned 269,980 shares in the company, valued at approximately $17,408,310.40. This represents a 3.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph D. O’leary sold 2,597 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $82.57, for a total value of $214,434.29. Following the transaction, the director owned 14,710 shares of the company’s stock, valued at $1,214,604.70. The trade was a 15.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 35,253 shares of company stock valued at $2,523,984 over the last three months. Company insiders own 1.30% of the company’s stock.
Institutional Investors Weigh In On Sprouts Farmers Market
Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Sprouts Farmers Market in the 2nd quarter worth approximately $768,171,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Sprouts Farmers Market in the second quarter worth $131,310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Sprouts Farmers Market by 8.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,464,015 shares of the company’s stock worth $123,826,000 after purchasing an additional 111,574 shares during the period. Swedbank AB bought a new stake in Sprouts Farmers Market during the 1st quarter worth approximately $121,906,000. Finally, Bank of America Corp DE purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth approximately $93,790,000.
Sprouts Farmers Market Trading Up 11.1%
Shares of SFM stock opened at $55.23 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 1.58 and a beta of 0.67. Sprouts Farmers Market has a 52-week low of $47.35 and a 52-week high of $94.89. The company has a 50-day simple moving average of $69.17 and a two-hundred day simple moving average of $76.16.
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.01). Sprouts Farmers Market had a return on equity of 34.31% and a net margin of 5.45%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the business earned $1.22 EPS. Sprouts Farmers Market’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts anticipate that Sprouts Farmers Market will post 4.95 EPS for the current fiscal year.
About Sprouts Farmers Market
Sprouts Farmers Market, Inc (NASDAQ:SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Its stores offer a broad selection of fresh produce, meat and seafood, dairy products, bulk foods, vitamins and supplements, pantry staples, bakery items, deli products and prepared foods. The company emphasizes products that support healthy eating, including organic, plant-based and specialty-diet options.
Founded in 2002, Sprouts Farmers Market grew from its first store in Chandler, Arizona, into a national grocery chain.
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