Other analysts have also issued reports about the company. Gordon Haskett initiated coverage on Sprouts Farmers Market in a report on Tuesday, May 9th. They set an accumulate rating and a $27.00 price objective for the company. TheStreet upgraded Sprouts Farmers Market from a c+ rating to a b- rating in a report on Friday, May 5th. Wells Fargo & Co restated a buy rating on shares of Sprouts Farmers Market in a report on Thursday, February 23rd. BMO Capital Markets restated a buy rating on shares of Sprouts Farmers Market in a report on Wednesday, February 22nd. Finally, Royal Bank of Canada set a $28.00 target price on Sprouts Farmers Market and gave the company a buy rating in a report on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company. Sprouts Farmers Market presently has an average rating of Hold and a consensus price target of $25.16.
Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at 23.70 on Friday. The firm’s 50-day moving average price is $23.02 and its 200 day moving average price is $20.77. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $25.60. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 27.85 and a beta of 0.58.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Sprouts Farmers Market had a return on equity of 17.00% and a net margin of 3.40%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.30 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, analysts anticipate that Sprouts Farmers Market will post $0.91 EPS for the current year.
In other news, CEO Amin N. Maredia sold 10,043 shares of Sprouts Farmers Market stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brandon F. Lombardi sold 28,500 shares of Sprouts Farmers Market stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $24.20, for a total value of $689,700.00. Following the completion of the transaction, the insider now owns 82,261 shares in the company, valued at $1,990,716.20. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its stake 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. Envestnet Asset Management Inc. increased its stake in Sprouts Farmers Market by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,443 shares of the company’s stock worth $179,000 after buying an additional 363 shares during the period. Ladenburg Thalmann Financial Services Inc. increased 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 worth $119,000 after buying an additional 390 shares during the period. PNC Financial Services Group Inc. increased 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 worth $126,000 after buying an additional 468 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in Sprouts Farmers Market by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 48,887 shares of the company’s stock worth $1,130,000 after buying an additional 600 shares during the period. 91.08% of the stock is currently 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.
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