Sprouts Farmers Market Inc. (SFM) Receives Average Recommendation of “Buy” from Analysts
Shares of Sprouts Farmers Market Inc. (NASDAQ:SFM) have been given an average recommendation of “Buy” by the twenty-seven ratings firms that are currently covering the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $26.94.
SFM has been the subject of a number of research analyst reports. Vetr cut Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating and set a $24.20 price target for the company. in a research note on Tuesday, September 6th. Barclays PLC initiated coverage on Sprouts Farmers Market in a research note on Friday, September 23rd. They issued an “overweight” rating and a $24.00 price target for the company. Jefferies Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, September 30th. Deutsche Bank AG decreased their price target on Sprouts Farmers Market from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, July 14th. Finally, Royal Bank Of Canada decreased their price target on Sprouts Farmers Market from $33.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, September 9th.
Sprouts Farmers Market (NASDAQ:SFM) traded up 2.147% on Wednesday, hitting $22.125. The stock had a trading volume of 1,069,867 shares. The company’s 50 day moving average is $21.05 and its 200-day moving average is $23.89. Sprouts Farmers Market has a 12 month low of $18.70 and a 12 month high of $30.00. The stock has a market cap of $3.28 billion, a P/E ratio of 23.587 and a beta of 0.75.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm earned $1,000 million during the quarter, compared to analysts’ expectations of $1.04 billion. Sprouts Farmers Market had a return on equity of 17.77% and a net margin of 3.72%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. Analysts forecast that Sprouts Farmers Market will post $0.85 EPS for the current year.
In other Sprouts Farmers Market news, CFO Bradley Lukow acquired 2,000 shares of the company’s stock in a transaction on Friday, September 16th. The shares were bought at an average cost of $20.05 per share, with a total value of $40,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. CIBC World Markets Inc. purchased a new position in Sprouts Farmers Market during the first quarter valued at $529,000. Teachers Advisors Inc. increased its position in Sprouts Farmers Market by 0.5% in the first quarter. Teachers Advisors Inc. now owns 116,847 shares of the company’s stock valued at $3,393,000 after buying an additional 602 shares during the period. Prudential Financial Inc. purchased a new position in Sprouts Farmers Market during the first quarter valued at $2,296,000. BlackRock Inc. increased its position in Sprouts Farmers Market by 1,396.0% in the first quarter. BlackRock Inc. now owns 63,774 shares of the company’s stock valued at $1,852,000 after buying an additional 59,511 shares during the period. Finally, BlackRock Group LTD increased its position in Sprouts Farmers Market by 12.9% in the first quarter. BlackRock Group LTD now owns 324,736 shares of the company’s stock valued at $9,429,000 after buying an additional 36,980 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.
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