Vetr downgraded shares of Sprouts Farmers Market Inc. (NASDAQ:SFM) from a strong-buy rating to a buy rating in a report issued on Monday morning. They currently have $22.94 target price on the stock.

Several other analysts have also recently weighed in on SFM. Royal Bank Of Canada reissued an outperform rating and issued a $33.00 price target on shares of Sprouts Farmers Market in a research note on Wednesday, June 22nd. Bank of America Corp. set a $33.00 price target on shares of Sprouts Farmers Market and gave the company a buy rating in a research note on Friday, August 5th. Wells Fargo & Co. reissued an outperform rating on shares of Sprouts Farmers Market in a research note on Thursday, August 4th. JPMorgan Chase & Co. dropped their price target on shares of Sprouts Farmers Market from $24.00 to $23.00 and set a neutral rating for the company in a research note on Friday, August 5th. Finally, Macquarie reissued an outperform rating and issued a $35.00 price target on shares of Sprouts Farmers Market in a research note on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Sprouts Farmers Market has a consensus rating of Buy and an average price target of $27.60.

Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at 20.39 on Monday. The stock’s 50 day moving average is $21.85 and its 200 day moving average is $24.68. The company has a market cap of $3.03 billion, a P/E ratio of 21.74 and a beta of 0.73. Sprouts Farmers Market has a 1-year low of $18.70 and a 1-year high of $30.00.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, August 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business earned $1,000 million during the quarter, compared to analysts’ expectations of $1.04 billion. Sprouts Farmers Market had a net margin of 3.72% and a return on equity of 17.77%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. On average, analysts predict that Sprouts Farmers Market will post $0.85 earnings per share for the current year.

In other Sprouts Farmers Market news, CFO Bradley Lukow bought 10,000 shares of the business’s stock in a transaction on Monday, September 12th. The stock was bought at an average price of $19.45 per share, for a total transaction of $194,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Sprouts Farmers Market by 3.3% in the second quarter. Vanguard Group Inc. now owns 10,811,104 shares of the company’s stock worth $247,574,000 after buying an additional 343,615 shares during the period. Jennison Associates LLC increased its stake in shares of Sprouts Farmers Market by 19.5% in the second quarter. Jennison Associates LLC now owns 6,918,927 shares of the company’s stock worth $158,443,000 after buying an additional 1,129,029 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Sprouts Farmers Market by 0.5% in the second quarter. JPMorgan Chase & Co. now owns 5,655,331 shares of the company’s stock worth $129,506,000 after buying an additional 28,629 shares during the period. BlackRock Fund Advisors increased its stake in shares of Sprouts Farmers Market by 2.5% in the second quarter. BlackRock Fund Advisors now owns 5,037,756 shares of the company’s stock worth $115,365,000 after buying an additional 123,620 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Sprouts Farmers Market by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,203,500 shares of the company’s stock worth $96,260,000 after buying an additional 14,212 shares during the period. Institutional investors and hedge funds own 93.47% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.

5 Day Chart for NASDAQ:SFM

To view Vetr’s full report, visit Vetr’s official website.

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