Sprouts Farmers Market Inc (NASDAQ:SFM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Sprouts Farmers Markets, LLC engages in the retailing of natural and organic food primarily in the United States. The Company offers fresh produce, meats, cheeses, dairy, bakery, beer and wine, bulk foods, vitamins, and supplements. Sprouts Farmers Markets, LLC is based in Phoenix, Arizona. “
SFM has been the topic of a number of other research reports. Goldman Sachs Group Inc lowered shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Thursday, January 19th. Wolfe Research lowered shares of Sprouts Farmers Market to an “outperform” rating in a research report on Friday, January 27th. Royal Bank of Canada reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Wednesday, March 15th. Wells Fargo & Co reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, February 23rd. Finally, OTR Global raised shares of Sprouts Farmers Market to a “neutral” rating in a research report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $25.18.
Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at 22.46 on Wednesday. The firm’s 50 day moving average is $18.95 and its 200-day moving average is $20.14. The firm has a market capitalization of $3.07 billion, a PE ratio of 27.06 and a beta of 0.58. Sprouts Farmers Market has a one year low of $17.38 and a one year high of $29.37.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.00. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 17.00%. The company had revenue of $985.70 million for the quarter, compared to analyst estimates of $974.60 million. During the same quarter last year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that Sprouts Farmers Market will post $0.88 earnings per share for the current fiscal year.
In other Sprouts Farmers Market news, Director James Douglas Sanders sold 45,000 shares of Sprouts Farmers Market stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $19.27, for a total transaction of $867,150.00. Following the sale, the director now owns 77,810 shares in the company, valued at $1,499,398.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 315,000 shares of company stock worth $6,024,600. 2.60% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Jennison Associates LLC increased its stake in Sprouts Farmers Market by 12.4% in the third quarter. Jennison Associates LLC now owns 7,773,899 shares of the company’s stock worth $160,531,000 after buying an additional 854,972 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Sprouts Farmers Market by 1.8% in the third quarter. Mutual of America Capital Management LLC now owns 107,211 shares of the company’s stock worth $2,214,000 after buying an additional 1,921 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in Sprouts Farmers Market during the third quarter worth $4,130,000. Advisors Asset Management Inc. increased its stake in Sprouts Farmers Market by 60.0% in the third quarter. Advisors Asset Management Inc. now owns 17,284 shares of the company’s stock worth $357,000 after buying an additional 6,484 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its stake in Sprouts Farmers Market by 1.3% in the third quarter. State of Wisconsin Investment Board now owns 125,446 shares of the company’s stock worth $2,590,000 after buying an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.
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