The Sprouts Farmers Market Inc (SFM) Receives “Buy” Rating from Bank of America Corp

The Sprouts Farmers Market Inc (SFM) Receives “Buy” Rating from Bank of America Corp

Several other research analysts also recently commented on SFM. Deutsche Bank AG reissued a “hold” rating on shares of Sprouts Farmers Market in a research note on Friday, May 12th. TheStreet raised Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research note on Friday, May 5th. Gordon Haskett assumed coverage on Sprouts Farmers Market in a report on Tuesday, May 9th. They set an “accumulate” rating and a $27.00 price target on the stock. Wells Fargo & Co restated a “buy” rating on shares of Sprouts Farmers Market in a report on Thursday, May 4th. Finally, BMO Capital Markets set a $24.00 price target on Sprouts Farmers Market and gave the stock a “hold” rating in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.16.

Sprouts Farmers Market Inc (NASDAQ:SFM)‘s stock had its “buy” rating reissued by analysts at Bank of America Corp in a research note issued to investors on Monday, May 15th. They presently have a $27.00 target price on the stock, up from their previous target price of $26.00. Bank of America Corp’s price target points to a potential upside of 10.25% from the company’s previous close.

Sprouts Farmers Market (SFM) opened at 24.49 on Monday. The stock has a market capitalization of $3.37 billion, a PE ratio of 28.78 and a beta of 0.58. The firm has a 50-day moving average of $23.33 and a 200-day moving average of $20.99. Sprouts Farmers Market has a one year low of $17.38 and a one year high of $24.93.

In other news, CEO Amin N. Maredia sold 10,043 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $23.01, for a total value of $231,089.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Dan J. Sanders sold 21,976 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $24.23, for a total value of $532,478.48. Following the completion of the transaction, the chief operating officer now owns 36,771 shares of the company’s stock, valued at approximately $890,961.33. The disclosure for this sale can be found here. Insiders have sold 115,841 shares of company stock valued at $2,766,612 in the last quarter. 2.60% of the stock is owned by company insiders. A number of hedge funds have recently added to or reduced their stakes in SFM. Ladenburg Thalmann Financial Services Inc. raised its stake in Sprouts Farmers Market by 6.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,216 shares of the company’s stock valued at $119,000 after buying an additional 390 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock valued at $126,000 after buying an additional 468 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Sprouts Farmers Market during the first quarter valued at about $152,000. Asset Management One Co. Ltd. acquired a new position in Sprouts Farmers Market during the first quarter worth $161,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in Sprouts Farmers Market by 2.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,355 shares of the company’s stock worth $170,000 after buying an additional 200 shares during the period. 91.08% of the stock is owned by institutional investors and hedge funds.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SFM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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