J P Morgan Chase & Co upgraded shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) from a neutral rating to an overweight rating in a research report report published on Friday morning, MarketBeat.com reports.

Other research analysts have also recently issued research reports about the company. Jefferies Group LLC set a $26.00 target price on Sprouts Farmers Market and gave the company a buy rating in a research note on Monday, May 1st. BMO Capital Markets set a $24.00 target price on Sprouts Farmers Market and gave the company a hold rating in a research note on Saturday, June 10th. UBS AG raised Sprouts Farmers Market from a market perform rating to an outperform rating in a research note on Friday, June 16th. Royal Bank Of Canada set a $28.00 target price on Sprouts Farmers Market and gave the company a buy rating in a research note on Friday, May 19th. Finally, Morgan Stanley reissued an equal weight rating and issued a $22.00 target price (down previously from $23.00) on shares of Sprouts Farmers Market in a research note on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Sprouts Farmers Market has an average rating of Buy and an average target price of $25.05.

Shares of Sprouts Farmers Market (SFM) traded up 2.98% during midday trading on Friday, hitting $24.52. The company’s stock had a trading volume of 2,157,026 shares. Sprouts Farmers Market has a 52-week low of $17.38 and a 52-week high of $25.98. The firm has a market cap of $3.37 billion, a P/E ratio of 28.81 and a beta of 0.52. The stock’s 50 day moving average is $23.22 and its 200-day moving average is $21.88.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, August 3rd. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Equities analysts predict that Sprouts Farmers Market will post $0.92 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Sprouts Farmers Market, Inc. (NASDAQ:SFM) Upgraded at J P Morgan Chase & Co” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/07/sprouts-farmers-market-inc-nasdaqsfm-upgraded-at-j-p-morgan-chase-co.html.

In other Sprouts Farmers Market news, COO Dan J. Sanders sold 21,976 shares of Sprouts Farmers Market stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $24.23, for a total value of $532,478.48. Following the sale, the chief operating officer now directly owns 36,771 shares in the company, valued at approximately $890,961.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO James Leroy Nielsen sold 55,322 shares of Sprouts Farmers Market stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $23.74, for a total transaction of $1,313,344.28. Following the completion of the sale, the chief operating officer now owns 152,430 shares in the company, valued at $3,618,688.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,246 shares of company stock worth $2,840,927. 2.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in SFM. BlackRock Inc. increased 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 during the period. ING Groep NV purchased a new position in shares of Sprouts Farmers Market during the first quarter valued at approximately $98,411,000. Clearbridge Investments LLC increased 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 during the last quarter. FMR LLC increased 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 during the last quarter. Finally, Carve CapitalAB increased 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 during the last quarter. Institutional investors own 86.88% of the company’s stock.

Sprouts Farmers Market Company Profile

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.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

Receive News & Ratings for Sprouts Farmers Market Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market Inc. and related companies with MarketBeat.com's FREE daily email newsletter.