Sprouts Farmers Market Inc (SFM) Receives Consensus Rating of “Hold” from Analysts

Sprouts Farmers Market Inc (NASDAQ:SFM) has earned a consensus recommendation of “Hold” from the twenty-three ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $27.24.

SFM has been the subject of a number of research reports. UBS Group raised their price objective on shares of Sprouts Farmers Market from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday, September 10th. BidaskClub lowered shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a report on Friday, July 27th. ValuEngine upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Zacks Investment Research upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Monday, August 6th. Finally, Citigroup initiated coverage on shares of Sprouts Farmers Market in a report on Friday, July 6th. They issued a “buy” rating for the company.

Shares of NASDAQ SFM opened at $27.35 on Tuesday. The company has a market capitalization of $3.43 billion, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 1.72 and a beta of 0.82. Sprouts Farmers Market has a 1 year low of $17.87 and a 1 year high of $29.67. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.04 and a quick ratio of 0.25.



Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Sprouts Farmers Market had a net margin of 3.62% and a return on equity of 25.56%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS. Analysts forecast that Sprouts Farmers Market will post 1.26 earnings per share for the current fiscal year.

In other Sprouts Farmers Market news, Director Joe Fortunato sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $27.52, for a total transaction of $27,520.00. Following the completion of the transaction, the director now owns 21,707 shares in the company, valued at approximately $597,376.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brandon F. Lombardi sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $24.34, for a total transaction of $1,095,300.00. Following the sale, the insider now directly owns 88,581 shares of the company’s stock, valued at approximately $2,156,061.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,929 shares of company stock valued at $3,137,967. Company insiders own 1.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Arizona State Retirement System raised its stake in shares of Sprouts Farmers Market by 6.0% during the 3rd quarter. Arizona State Retirement System now owns 90,238 shares of the company’s stock worth $2,473,000 after purchasing an additional 5,107 shares during the period. Retirement Systems of Alabama raised its stake in shares of Sprouts Farmers Market by 8.8% during the 3rd quarter. Retirement Systems of Alabama now owns 376,613 shares of the company’s stock worth $10,323,000 after purchasing an additional 30,337 shares during the period. First Quadrant L P CA raised its stake in shares of Sprouts Farmers Market by 1.3% during the 3rd quarter. First Quadrant L P CA now owns 410,784 shares of the company’s stock worth $11,260,000 after purchasing an additional 5,108 shares during the period. Seven Eight Capital LP bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth $495,000. Finally, Highland Capital Management LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth $954,000. 93.19% of the stock is owned by institutional investors.

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, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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