Sprouts Farmers Market (NASDAQ:SFM) Upgraded by Northcoast Research to “Buy”

Northcoast Research upgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a neutral rating to a buy rating in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. Northcoast Research currently has $22.00 price target on the stock.

Several other research analysts have also commented on SFM. Bank of America reiterated an underperform rating and issued a $19.00 target price (down previously from $21.00) on shares of Sprouts Farmers Market in a research report on Wednesday, May 29th. ValuEngine upgraded Sprouts Farmers Market from a sell rating to a hold rating in a research report on Thursday, August 8th. Zacks Investment Research lowered Sprouts Farmers Market from a hold rating to a sell rating and set a $19.00 price objective for the company. in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered Sprouts Farmers Market from an overweight rating to a neutral rating and reduced their price objective for the company from $22.00 to $19.00 in a research report on Friday, August 2nd. Finally, Deutsche Bank upgraded Sprouts Farmers Market from a hold rating to a buy rating in a research report on Monday, April 29th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $23.17.

Shares of SFM opened at $17.90 on Thursday. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 2.01 and a beta of 0.40. The stock has a 50 day moving average of $18.07 and a 200-day moving average of $20.85. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 3.02. Sprouts Farmers Market has a 52 week low of $16.46 and a 52 week high of $29.67.



Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Sprouts Farmers Market had a return on equity of 26.10% and a net margin of 2.61%. Sprouts Farmers Market’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. On average, sell-side analysts predict that Sprouts Farmers Market will post 1.1 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. 6 Meridian boosted its position in Sprouts Farmers Market by 3.7% during the 2nd quarter. 6 Meridian now owns 20,009 shares of the company’s stock worth $378,000 after acquiring an additional 706 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Sprouts Farmers Market by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 51,248 shares of the company’s stock worth $968,000 after acquiring an additional 710 shares during the period. Texas Permanent School Fund boosted its position in Sprouts Farmers Market by 0.9% during the 1st quarter. Texas Permanent School Fund now owns 84,278 shares of the company’s stock worth $1,815,000 after acquiring an additional 775 shares during the period. Robecosam AG boosted its position in Sprouts Farmers Market by 1.0% during the 2nd quarter. Robecosam AG now owns 92,235 shares of the company’s stock worth $1,709,000 after acquiring an additional 924 shares during the period. Finally, California State Teachers Retirement System boosted its position in Sprouts Farmers Market by 0.5% during the 1st quarter. California State Teachers Retirement System now owns 198,142 shares of the company’s stock worth $4,268,000 after acquiring an additional 998 shares during the period. Institutional investors own 97.67% of the company’s stock.

About Sprouts Farmers Market

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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