Sprouts Farmers Market, Inc. (SFM) Given Average Rating of “Hold” by Brokerages
Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) have earned an average recommendation of “Hold” from the twenty-five research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $24.28.
Several research firms have commented on SFM. Zacks Investment Research raised shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Wells Fargo & Company reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, August 3rd. Royal Bank Of Canada set a $28.00 price objective on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research report on Monday, October 30th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $18.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. Finally, UBS set a $25.00 price objective on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research report on Monday, October 30th.
In other Sprouts Farmers Market news, insider Daniel Bruni purchased 15,000 shares of Sprouts Farmers Market stock in a transaction on Friday, September 15th. The stock was bought at an average cost of $19.00 per share, with a total value of $285,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of SFM. Old Mutual Global Investors UK Ltd. purchased a new position in Sprouts Farmers Market during the 3rd quarter worth approximately $40,505,000. PointState Capital LP purchased a new position in Sprouts Farmers Market during the 2nd quarter worth approximately $32,954,000. Renaissance Technologies LLC raised its position in Sprouts Farmers Market by 79.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock worth $58,344,000 after buying an additional 1,137,200 shares during the last quarter. Bank of New York Mellon Corp raised its position in Sprouts Farmers Market by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,421,148 shares of the company’s stock worth $77,557,000 after buying an additional 719,381 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Sprouts Farmers Market by 49.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock worth $37,717,000 after buying an additional 665,598 shares during the last quarter. 90.11% of the stock is owned by institutional investors.
Sprouts Farmers Market (NASDAQ SFM) traded up $0.28 during mid-day trading on Friday, hitting $23.66. 3,076,693 shares of the company’s stock traded hands, compared to its average volume of 2,925,259. The stock has a market capitalization of $3,150.00, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $25.98. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. sell-side analysts expect that Sprouts Farmers Market will post 0.99 EPS for the current year.
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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