Sprouts Farmers Market (SFM) Given a $25.00 Price Target by Stephens Analysts
Other equities analysts have also recently issued research reports about the company. TheStreet upgraded Sprouts Farmers Market from a c rating to a b- rating in a report on Monday, December 4th. Zacks Investment Research upgraded Sprouts Farmers Market from a hold rating to a buy rating and set a $23.00 target price for the company in a report on Saturday, November 4th. UBS Group set a $25.00 target price on Sprouts Farmers Market and gave the stock a buy rating in a report on Monday, October 30th. Royal Bank of Canada set a $28.00 target price on Sprouts Farmers Market and gave the stock a buy rating in a report on Monday, October 30th. Finally, SunTrust Banks reiterated a buy rating and issued a $27.00 target price on shares of Sprouts Farmers Market in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $24.89.
Sprouts Farmers Market (NASDAQ SFM) opened at $25.47 on Wednesday. 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. The stock has a market capitalization of $3,390.00, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.93 and a beta of 0.67.
In related news, insider Brandon F. Lombardi sold 8,557 shares of the company’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $25.74, for a total transaction of $220,257.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shon A. Boney sold 848,409 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total value of $20,972,670.48. Following the sale, the director now owns 478,965 shares of the company’s stock, valued at $11,840,014.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,015,934 shares of company stock valued at $24,918,352 over the last 90 days. 2.60% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Northern Trust Corp increased its position in Sprouts Farmers Market by 1.2% during the 2nd quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock valued at $25,568,000 after buying an additional 13,641 shares in the last quarter. Royal Bank of Canada increased its position in Sprouts Farmers Market by 67.3% during the 2nd quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock valued at $3,086,000 after buying an additional 54,787 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in Sprouts Farmers Market during the 3rd quarter valued at about $1,991,000. Verition Fund Management LLC acquired a new position in Sprouts Farmers Market during the 2nd quarter valued at about $351,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in Sprouts Farmers Market during the 3rd quarter valued at about $2,485,000. 89.68% 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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