Jefferies Group LLC set a $26.00 price objective on Sprouts Farmers Market, Inc. (NASDAQ:SFM) in a research note released on Wednesday. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on SFM. BMO Capital Markets reiterated a buy rating on shares of Sprouts Farmers Market in a research report on Wednesday, February 22nd. Wells Fargo & Company reiterated a buy rating on shares of Sprouts Farmers Market in a research report on Thursday, February 23rd. Wedbush reiterated an outperform rating and set a $28.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, February 27th. Royal Bank Of Canada reiterated an outperform rating and set a $28.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, February 27th. Finally, Barclays PLC reiterated a sell rating and set a $24.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $24.95.

Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at 21.74 on Wednesday. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $25.98. The stock’s 50 day moving average is $23.65 and its 200 day moving average is $21.18. The company has a market capitalization of $2.99 billion, a PE ratio of 25.55 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Sprouts Farmers Market had a net margin of 2.97% and a return on equity of 17.33%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, equities research analysts anticipate that Sprouts Farmers Market will post $0.91 EPS for the current fiscal year.

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In other news, COO James Leroy Nielsen sold 55,322 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $23.74, for a total value of $1,313,344.28. Following the sale, the chief operating officer now directly owns 152,430 shares of the company’s stock, valued at approximately $3,618,688.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Dan J. Sanders sold 21,976 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $24.23, for a total transaction of $532,478.48. Following the completion of the sale, the chief operating officer now directly owns 36,771 shares in the company, valued at $890,961.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,841 shares of company stock worth $2,766,612. Insiders own 2.60% of the company’s stock.

Several large investors have recently bought and sold shares of SFM. BlackRock Inc. raised its stake in Sprouts Farmers Market by 15,641.8% in the first quarter. BlackRock Inc. now owns 10,204,960 shares of the company’s stock worth $235,938,000 after buying an additional 10,140,133 shares in the last quarter. ING Groep NV purchased a new stake in Sprouts Farmers Market during the first quarter worth approximately $98,411,000. Clearbridge Investments LLC raised its position in shares of Sprouts Farmers Market by 239,983.3% in the first quarter. Clearbridge Investments LLC now owns 2,744,152 shares of the company’s stock valued at $63,445,000 after buying an additional 2,743,009 shares in the last quarter. FMR LLC raised its position in shares of Sprouts Farmers Market by 771.4% in the first quarter. FMR LLC now owns 1,691,438 shares of the company’s stock valued at $39,106,000 after buying an additional 1,497,338 shares in the last quarter. Finally, Carve CapitalAB raised its position in shares of Sprouts Farmers Market by 54.1% in the first quarter. Carve CapitalAB now owns 4,100,000 shares of the company’s stock valued at $95,412,000 after buying an additional 1,439,258 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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