Credit Suisse Group set a $26.00 price target on Sprouts Farmers Market (NASDAQ:SFM) in a research report report published on Wednesday. The brokerage currently has a hold rating on the stock.

Several other research analysts have also commented on SFM. William Blair reissued an outperform rating on shares of Sprouts Farmers Market in a research note on Tuesday, August 14th. Citigroup raised their price objective on shares of Sprouts Farmers Market from $27.00 to $29.00 and gave the company a buy rating in a research note on Wednesday, August 8th. UBS Group raised their price objective on shares of Sprouts Farmers Market from $28.00 to $33.00 and gave the company a buy rating in a research note on Monday, September 10th. BidaskClub raised shares of Sprouts Farmers Market from a sell rating to a hold rating in a research note on Wednesday, August 22nd. Finally, Zacks Investment Research raised shares of Sprouts Farmers Market from a hold rating to a buy rating and set a $30.00 price objective for the company in a research note on Monday, October 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $27.42.

Shares of SFM stock opened at $24.45 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 1.63 and a beta of 0.79. Sprouts Farmers Market has a 1-year low of $20.63 and a 1-year high of $29.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, November 1st. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. Sprouts Farmers Market had a net margin of 3.65% and a return on equity of 25.85%. Sprouts Farmers Market’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. Equities research analysts anticipate that Sprouts Farmers Market will post 1.28 earnings per share for the current fiscal year.

In related news, CEO Amin N. Maredia sold 165,213 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $27.52, for a total value of $4,546,661.76. Following the sale, the chief executive officer now directly owns 257,998 shares in the company, valued at approximately $7,100,104.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Dan J. Sanders sold 19,929 shares of the business’s 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 completion of the sale, the chief operating officer now owns 610,846 shares in the company, valued at $17,659,557.86. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 105,500 shares of company stock worth $2,415,475 and sold 239,475 shares worth $6,618,053. 1.80% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of Sprouts Farmers Market in the 2nd quarter worth about $102,000. NumerixS Investment Technologies Inc boosted its position in shares of Sprouts Farmers Market by 407.1% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 7,100 shares of the company’s stock worth $159,000 after buying an additional 5,700 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth about $194,000. Csenge Advisory Group acquired a new position in Sprouts Farmers Market in the 3rd quarter valued at about $195,000. Finally, Global X Management Co LLC raised its stake in Sprouts Farmers Market by 64.3% in the 2nd quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock valued at $197,000 after purchasing an additional 3,485 shares during the last quarter. Institutional investors and hedge funds own 91.52% 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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