Sprouts Farmers Market Inc (NASDAQ:SFM) has been assigned an average recommendation of “Hold” from the twenty-three ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $27.24.

A number of analysts recently commented on SFM shares. UBS Group lifted their price objective on Sprouts Farmers Market from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, September 10th. BidaskClub lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. ValuEngine upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Zacks Investment Research upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Monday, August 6th. Finally, Citigroup assumed coverage on Sprouts Farmers Market in a research report on Friday, July 6th. They set a “buy” rating for the company.

SFM stock remained flat at $$26.99 during midday trading on Tuesday. The company had a trading volume of 1,993,389 shares, compared to its average volume of 1,802,201. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 1.04. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.82. Sprouts Farmers Market has a 1 year low of $17.55 and a 1 year high of $29.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Sprouts Farmers Market had a return on equity of 25.56% and a net margin of 3.62%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. On average, analysts expect that Sprouts Farmers Market will post 1.26 EPS for the current year.

In other news, COO Dan J. Sanders sold 19,929 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $28.91, for a total transaction of $576,147.39. Following the transaction, the chief operating officer now owns 610,846 shares in the company, valued at approximately $17,659,557.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brandon F. Lombardi sold 50,000 shares of Sprouts Farmers Market stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $28.28, for a total value of $1,414,000.00. Following the transaction, the insider now owns 93,581 shares in the company, valued at approximately $2,646,470.68. The disclosure for this sale can be found here. Insiders have sold a total of 116,929 shares of company stock valued at $3,137,967 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Sprouts Farmers Market by 1.1% during the 2nd quarter. BlackRock Inc. now owns 10,973,618 shares of the company’s stock valued at $242,189,000 after purchasing an additional 120,741 shares in the last quarter. Waddell & Reed Financial Inc. lifted its stake in Sprouts Farmers Market by 13.8% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 5,722,550 shares of the company’s stock valued at $126,296,000 after acquiring an additional 694,448 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Sprouts Farmers Market by 4.8% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,842,567 shares of the company’s stock valued at $62,735,000 after acquiring an additional 129,119 shares in the last quarter. Jennison Associates LLC lifted its stake in Sprouts Farmers Market by 25.4% in the 2nd quarter. Jennison Associates LLC now owns 2,819,867 shares of the company’s stock valued at $62,234,000 after acquiring an additional 571,684 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Sprouts Farmers Market by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,519,098 shares of the company’s stock valued at $55,598,000 after acquiring an additional 39,535 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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