Sprouts Farmers Market (SFM) Stock Rating Reaffirmed by Barclays

Sprouts Farmers Market (NASDAQ:SFM)‘s stock had its “hold” rating reiterated by research analysts at Barclays in a research note issued to investors on Wednesday. They presently have a $25.00 target price on the stock. Barclays‘s price target would indicate a potential upside of 3.56% from the stock’s previous close.

SFM has been the topic of several other research reports. Bank of America cut Sprouts Farmers Market from a “buy” rating to an “underperform” rating and lowered their price target for the company from $35.00 to $21.00 in a report on Friday, November 30th. Morgan Stanley set a $26.00 price target on Sprouts Farmers Market and gave the company a “hold” rating in a report on Monday, October 22nd. Zacks Investment Research cut Sprouts Farmers Market from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. ValuEngine raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Finally, BidaskClub raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $27.16.

Shares of SFM opened at $24.14 on Wednesday. The stock has a market cap of $3.04 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 1.15. Sprouts Farmers Market has a 52-week low of $20.63 and a 52-week high of $29.67.



Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Sprouts Farmers Market had a return on equity of 25.85% and a net margin of 3.65%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 EPS. As a group, research analysts expect that Sprouts Farmers Market will post 1.28 EPS for the current year.

In related news, insider Theodore Edward Frumkin II sold 53,333 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $27.52, for a total transaction of $1,467,724.16. Following the transaction, the insider now directly owns 58,265 shares in the company, valued at approximately $1,603,452.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Amin N. Maredia sold 165,213 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $27.52, for a total value of $4,546,661.76. Following the transaction, the chief executive officer now owns 257,998 shares in the company, valued at $7,100,104.96. The disclosure for this sale can be found here. Insiders have bought a total of 109,500 shares of company stock worth $2,512,275 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new position in Sprouts Farmers Market during the 2nd quarter worth approximately $102,000. Csenge Advisory Group bought a new position in Sprouts Farmers Market during the 3rd quarter worth approximately $195,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $194,000. Keybank National Association OH bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $201,000. Finally, First Republic Investment Management Inc. bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $205,000. Institutional investors and hedge funds own 91.16% 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, 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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