Analysts Set Sprouts Farmers Market Inc (SFM) PT at $24.28

Sprouts Farmers Market Inc (NASDAQ:SFM) has received a consensus rating of “Hold” from the twenty-five brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $24.28.

Several research firms recently issued reports on SFM. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research report on Monday, November 20th. BidaskClub upgraded shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Goldman Sachs Group restated a “sell” rating and set a $18.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. Wolfe Research upgraded shares of Sprouts Farmers Market to an “outperform” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Saturday, November 4th.

Sprouts Farmers Market (NASDAQ SFM) traded up $0.36 during trading on Friday, reaching $24.02. 3,542,607 shares of the company traded hands, compared to its average volume of 2,927,908. Sprouts Farmers Market has a 52-week low of $17.38 and a 52-week high of $25.98. The firm has a market capitalization of $3,148.45, a PE ratio of 24.39, a P/E/G ratio of 2.11 and a beta of 0.67. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $0.16 earnings per share. Sprouts Farmers Market’s revenue was up 16.4% compared to the same quarter last year. research analysts anticipate that Sprouts Farmers Market will post 0.99 earnings per share for the current fiscal year.

In other Sprouts Farmers Market news, insider Daniel Bruni acquired 15,000 shares of the stock in a transaction dated Friday, September 15th. The stock was acquired at an average price of $19.00 per share, with a total value of $285,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO James Leroy Nielsen sold 110,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $23.17, for a total transaction of $2,548,700.00. Following the completion of the transaction, the chief operating officer now directly owns 207,108 shares of the company’s stock, valued at approximately $4,798,692.36. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Farr Miller & Washington LLC DC lifted its stake in Sprouts Farmers Market by 0.9% in the second quarter. Farr Miller & Washington LLC DC now owns 1,283,474 shares of the company’s stock worth $29,096,000 after acquiring an additional 11,722 shares during the last quarter. Northern Trust Corp raised its holdings in Sprouts Farmers Market by 1.2% during the second quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock worth $25,568,000 after purchasing an additional 13,641 shares in the last quarter. AGF Investments America Inc. raised its holdings in Sprouts Farmers Market by 23.2% during the second quarter. AGF Investments America Inc. now owns 182,658 shares of the company’s stock worth $4,141,000 after purchasing an additional 34,437 shares in the last quarter. Royal Bank of Canada raised its holdings in Sprouts Farmers Market by 67.3% during the second quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock worth $3,086,000 after purchasing an additional 54,787 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $351,000. Institutional investors own 90.15% of the company’s stock.

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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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