Sprouts Farmers Market (NASDAQ:SFM) Receives “Market Perform” Rating from Oppenheimer

Oppenheimer restated their market perform rating on shares of Sprouts Farmers Market (NASDAQ:SFM) in a report published on Monday, Benzinga reports.

A number of other research firms have also issued reports on SFM. The Goldman Sachs Group upped their price target on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a buy rating in a research report on Tuesday, March 5th. Bank of America upgraded Sprouts Farmers Market from an underperform rating to a buy rating and upped their price objective for the company from $30.00 to $70.00 in a report on Tuesday, February 27th. Finally, Evercore ISI decreased their price objective on Sprouts Farmers Market from $62.00 to $61.00 and set an in-line rating on the stock in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $51.14.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $67.50 on Monday. Sprouts Farmers Market has a twelve month low of $32.12 and a twelve month high of $68.03. The stock has a 50-day moving average of $62.51 and a 200 day moving average of $52.11. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.44 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. Sprouts Farmers Market’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. Sell-side analysts anticipate that Sprouts Farmers Market will post 2.95 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 3,774 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $62.26, for a total transaction of $234,969.24. Following the transaction, the vice president now directly owns 10,748 shares in the company, valued at $669,170.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 3,774 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $62.26, for a total transaction of $234,969.24. Following the transaction, the vice president now directly owns 10,748 shares in the company, valued at $669,170.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joe Fortunato sold 13,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $63.71, for a total value of $828,230.00. Following the transaction, the director now owns 39,395 shares in the company, valued at $2,509,855.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,852 shares of company stock worth $10,032,745. Insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Several hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB raised its stake in shares of Sprouts Farmers Market by 614.5% in the fourth quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock valued at $146,359,000 after acquiring an additional 2,614,241 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Sprouts Farmers Market by 411.4% in the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after acquiring an additional 1,237,610 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Sprouts Farmers Market by 36.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock valued at $71,135,000 after acquiring an additional 398,901 shares in the last quarter. Boston Trust Walden Corp raised its stake in shares of Sprouts Farmers Market by 1.2% in the fourth quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock valued at $71,075,000 after acquiring an additional 17,565 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Sprouts Farmers Market by 6.6% in the third quarter. Invesco Ltd. now owns 1,436,821 shares of the company’s stock valued at $61,496,000 after acquiring an additional 88,997 shares in the last quarter.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, 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.