Sprouts Farmers Market (NASDAQ:SFM) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Sprouts Farmers Market (NASDAQ:SFM) from a hold rating to a sell rating in a research note published on Saturday morning, ValuEngine reports.

Several other analysts have also weighed in on SFM. Bank of America restated an underperform rating and issued a $19.00 price objective (down previously from $21.00) on shares of Sprouts Farmers Market in a report on Wednesday, May 29th. Zacks Investment Research lowered Sprouts Farmers Market from a hold rating to a strong sell rating in a report on Tuesday, February 26th. Wolfe Research lowered Sprouts Farmers Market to a market perform rating in a report on Wednesday, March 27th. Wells Fargo & Co cut their price objective on Sprouts Farmers Market from $23.00 to $20.00 and set a positive rating for the company in a report on Friday, June 21st. Finally, TheStreet lowered Sprouts Farmers Market from a b rating to a c+ rating in a report on Tuesday, March 5th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $25.51.

Shares of SFM stock opened at $18.47 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.88 and a debt-to-equity ratio of 2.84. Sprouts Farmers Market has a 1 year low of $18.36 and a 1 year high of $29.67. The stock’s fifty day simple moving average is $20.63. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.59 and a beta of 0.54.



Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. Sprouts Farmers Market had a return on equity of 26.41% and a net margin of 2.78%. The company had revenue of $413.90 million during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was down 67.8% on a year-over-year basis. As a group, analysts predict that Sprouts Farmers Market will post 1.21 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC raised its position in Sprouts Farmers Market by 100.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,245 shares of the company’s stock valued at $29,000 after buying an additional 625 shares during the period. Acadian Asset Management LLC raised its position in Sprouts Farmers Market by 143.0% during the fourth quarter. Acadian Asset Management LLC now owns 2,211 shares of the company’s stock valued at $52,000 after buying an additional 1,301 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Sprouts Farmers Market during the first quarter valued at $55,000. Quadrant Capital Group LLC raised its position in Sprouts Farmers Market by 4,318.8% during the first quarter. Quadrant Capital Group LLC now owns 2,828 shares of the company’s stock valued at $60,000 after buying an additional 2,764 shares during the period. Finally, Hilton Capital Management LLC acquired a new position in Sprouts Farmers Market during the first quarter valued at $75,000. 98.15% of the stock is currently owned by hedge funds and other 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, 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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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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