Sprouts Farmers Market, Inc. (NASDAQ:SFM)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank AG in a research note issued to investors on Friday, May 12th.
A number of other brokerages have also recently weighed in on SFM. Royal Bank Of Canada reiterated an “outperform” rating and set a $28.00 price target on shares of Sprouts Farmers Market in a research report on Monday, February 27th. Wedbush reiterated an “outperform” rating and set a $28.00 price target on shares of Sprouts Farmers Market in a research report on Monday, February 27th. Wolfe Research cut Sprouts Farmers Market to an “outperform” rating in a research report on Friday, January 27th. Goldman Sachs Group, Inc. (The) lowered Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a report on Thursday, January 19th. Finally, William Blair assumed coverage on Sprouts Farmers Market in a report on Friday, January 20th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Sprouts Farmers Market has a consensus rating of “Buy” and an average target price of $25.05.
Sprouts Farmers Market (NASDAQ:SFM) traded down 6.29% during mid-day trading on Friday, hitting $21.01. The company had a trading volume of 22,031,059 shares. The company has a market capitalization of $2.89 billion, a P/E ratio of 24.69 and a beta of 0.50. Sprouts Farmers Market has a 52-week low of $17.38 and a 52-week high of $25.98. The company has a 50-day moving average price of $23.67 and a 200 day moving average price of $21.16.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.33 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 17.33% and a net margin of 2.97%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 13.8% compared to the same quarter last year. On average, analysts forecast that Sprouts Farmers Market will post $0.91 EPS for the current fiscal year.
In other Sprouts Farmers Market news, COO Dan J. Sanders sold 21,976 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $24.23, for a total transaction of $532,478.48. Following the completion of the transaction, the chief operating officer now owns 36,771 shares in the company, valued at $890,961.33. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brandon F. Lombardi sold 28,500 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $24.20, for a total transaction of $689,700.00. Following the transaction, the insider now owns 82,261 shares of the company’s stock, valued at approximately $1,990,716.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,841 shares of company stock worth $2,766,612. 2.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Sprouts Farmers Market by 15,641.8% in the first quarter. BlackRock Inc. now owns 10,204,960 shares of the company’s stock worth $235,938,000 after buying an additional 10,140,133 shares during the period. ING Groep NV purchased a new position in Sprouts Farmers Market during the first quarter worth about $98,411,000. Clearbridge Investments LLC boosted its position in Sprouts Farmers Market by 239,983.3% in the first quarter. Clearbridge Investments LLC now owns 2,744,152 shares of the company’s stock worth $63,445,000 after buying an additional 2,743,009 shares during the period. Carve CapitalAB purchased a new position in Sprouts Farmers Market during the fourth quarter worth about $50,340,000. Finally, FMR LLC boosted its position in Sprouts Farmers Market by 771.4% in the first quarter. FMR LLC now owns 1,691,438 shares of the company’s stock worth $39,106,000 after buying an additional 1,497,338 shares during the period. Institutional investors own 91.12% of the company’s stock.
About Sprouts Farmers Market
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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