Sprouts Farmers Market Inc (NASDAQ:SFM) – Stock analysts at Oppenheimer raised their FY2019 earnings per share estimates for Sprouts Farmers Market in a report issued on Tuesday. Oppenheimer analyst R. Parikh now expects that the company will post earnings of $1.20 per share for the year, up from their prior estimate of $1.16. Oppenheimer has a “Outperform” rating and a $31.00 price objective on the stock.

Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of Sprouts Farmers Market from a “c” rating to a “b-” rating in a research note on Monday, December 4th. Zacks Investment Research raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Saturday, November 4th. UBS Group set a $25.00 price objective on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Monday, October 30th. Royal Bank of Canada set a $28.00 price objective on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Sprouts Farmers Market presently has a consensus rating of “Buy” and an average target price of $25.94.

Shares of Sprouts Farmers Market (NASDAQ SFM) traded down $0.57 during trading hours on Wednesday, hitting $26.05. 1,583,690 shares of the company’s stock were exchanged, compared to its average volume of 2,091,845. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $28.29. The stock has a market cap of $3,500.00, a PE ratio of 27.06, a P/E/G ratio of 2.10 and a beta of 0.80. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77.

Several large investors have recently bought and sold shares of SFM. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at about $40,505,000. Dimensional Fund Advisors LP raised its holdings in shares of Sprouts Farmers Market by 49.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock valued at $37,717,000 after purchasing an additional 665,598 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Sprouts Farmers Market by 171.1% in the 3rd quarter. Wells Fargo & Company MN now owns 677,408 shares of the company’s stock valued at $12,715,000 after purchasing an additional 427,528 shares in the last quarter. Cowen Inc. raised its holdings in shares of Sprouts Farmers Market by 299.2% in the 3rd quarter. Cowen Inc. now owns 260,000 shares of the company’s stock valued at $4,880,000 after purchasing an additional 390,500 shares in the last quarter. Finally, APG Asset Management N.V. bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at about $6,532,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

In other news, insider Theodore Edward Frumkin II sold 36,667 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.93, for a total value of $877,441.31. Following the completion of the sale, the insider now owns 58,912 shares in the company, valued at approximately $1,409,764.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Shon A. Boney sold 848,409 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $24.72, for a total transaction of $20,972,670.48. Following the completion of the sale, the director now owns 478,965 shares of the company’s stock, valued at approximately $11,840,014.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,651,481 shares of company stock valued at $42,706,303. 2.60% of the stock is owned by corporate insiders.

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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.

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