Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.83.
A number of research firms recently issued reports on SFM. Credit Suisse Group lowered their target price on Sprouts Farmers Market from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, July 26th. Bank of America downgraded Sprouts Farmers Market from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $40.00 to $25.00 in a research report on Thursday, May 5th.
In other news, insider Dan J. Sanders sold 59,607 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $30.26, for a total value of $1,803,707.82. Following the completion of the sale, the insider now owns 9,787 shares of the company’s stock, valued at approximately $296,154.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Sprouts Farmers Market news, CFO Lawrence Molloy sold 1,298 shares of the firm’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of $25.11, for a total transaction of $32,592.78. Following the completion of the sale, the chief financial officer now owns 238,624 shares of the company’s stock, valued at approximately $5,991,848.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dan J. Sanders sold 59,607 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $30.26, for a total value of $1,803,707.82. Following the sale, the insider now directly owns 9,787 shares of the company’s stock, valued at approximately $296,154.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,006 shares of company stock valued at $2,593,745. 0.71% of the stock is owned by insiders.
Institutional Investors Weigh In On Sprouts Farmers Market
Hedge funds have recently added to or reduced their stakes in the business. Guardian Wealth Management Inc. bought a new position in Sprouts Farmers Market during the 4th quarter worth $25,000. UMB Bank N A MO bought a new position in Sprouts Farmers Market during the 4th quarter worth $28,000. Ellevest Inc. increased its position in Sprouts Farmers Market by 103.6% during the 2nd quarter. Ellevest Inc. now owns 1,234 shares of the company’s stock worth $31,000 after buying an additional 628 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Sprouts Farmers Market in the first quarter worth $35,000. Finally, FinTrust Capital Advisors LLC bought a new position in shares of Sprouts Farmers Market in the first quarter worth $45,000.
Sprouts Farmers Market Stock Performance
Sprouts Farmers Market stock opened at $29.69 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 0.26. Sprouts Farmers Market has a 1 year low of $21.18 and a 1 year high of $35.34. The company has a market cap of $3.19 billion, a PE ratio of 13.25, a PEG ratio of 1.86 and a beta of 0.43. The company’s 50-day moving average is $27.80 and its two-hundred day moving average is $28.70.
Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Sprouts Farmers Market had a return on equity of 25.33% and a net margin of 4.01%. Equities analysts anticipate that Sprouts Farmers Market will post 2.23 earnings per share for the current year.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.
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