Other research analysts have also recently issued research reports about the stock. BMO Capital Markets set a $24.00 price target on shares of Sprouts Farmers Market and gave the stock a hold rating in a research note on Tuesday, August 29th. SunTrust Banks, Inc. restated a buy rating and set a $27.00 price target on shares of Sprouts Farmers Market in a research note on Friday, September 15th. Zacks Investment Research cut shares of Sprouts Farmers Market from a hold rating to a sell rating in a research note on Wednesday, October 18th. William Blair restated a buy rating on shares of Sprouts Farmers Market in a research note on Friday, August 25th. Finally, BidaskClub cut shares of Sprouts Farmers Market from a hold rating to a sell rating in a research note on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Sprouts Farmers Market presently has an average rating of Hold and an average price target of $24.50.
Shares of Sprouts Farmers Market (NASDAQ:SFM) traded down 0.081% during mid-day trading on Monday, reaching $18.455. The company’s stock had a trading volume of 2,248,614 shares. Sprouts Farmers Market has a 12 month low of $17.38 and a 12 month high of $25.98. The company has a 50 day moving average price of $18.79 and a 200 day moving average price of $22.02. The stock has a market capitalization of $2.50 billion, a P/E ratio of 20.806 and a beta of 0.54.
Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research analysts anticipate that Sprouts Farmers Market will post $0.93 earnings per share for the current fiscal year.
In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 20,000 shares of Sprouts Farmers Market stock in a transaction on Monday, August 7th. The shares were sold at an average price of $24.34, for a total transaction of $486,800.00. Following the completion of the sale, the insider now owns 73,761 shares of the company’s stock, valued at approximately $1,795,342.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bradley Lukow bought 7,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were acquired at an average cost of $19.80 per share, with a total value of $138,600.00. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SFM. Russell Investments Group Ltd. grew its holdings in shares of Sprouts Farmers Market by 14.7% in the 1st quarter. Russell Investments Group Ltd. now owns 24,050 shares of the company’s stock valued at $556,000 after buying an additional 3,091 shares during the period. UBS Asset Management Americas Inc. lifted its position in Sprouts Farmers Market by 48.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 108,829 shares of the company’s stock valued at $2,516,000 after acquiring an additional 35,328 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Sprouts Farmers Market by 75.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 138,115 shares of the company’s stock valued at $3,193,000 after acquiring an additional 59,418 shares in the last quarter. Prudential Financial Inc. lifted its position in Sprouts Farmers Market by 6.2% in the 1st quarter. Prudential Financial Inc. now owns 77,570 shares of the company’s stock valued at $1,793,000 after acquiring an additional 4,540 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $152,000. 87.59% of the stock is owned by hedge funds and other institutional investors.
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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