Sprouts Farmers Market (SFM) Upgraded at TheStreet

TheStreet upgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a c rating to a b- rating in a report released on Monday morning.

Other research analysts also recently issued reports about the stock. UBS set a $25.00 target price on shares of Sprouts Farmers Market and gave the stock a buy rating in a research note on Monday, October 30th. Zacks Investment Research raised shares of Sprouts Farmers Market from a hold rating to a buy rating and set a $21.00 price objective on the stock in a research report on Wednesday, October 4th. SunTrust Banks reissued a buy rating and set a $27.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, September 15th. William Blair reissued a buy rating on shares of Sprouts Farmers Market in a research report on Friday, August 25th. Finally, Royal Bank Of Canada set a $28.00 price objective on shares of Sprouts Farmers Market and gave the company a buy rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Sprouts Farmers Market presently has an average rating of Hold and a consensus price target of $24.28.

Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at $23.74 on Monday. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $25.98. The firm has a market cap of $3,196.36, a P/E ratio of 24.76, a PEG ratio of 2.14 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping the 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $0.16 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. research analysts predict that Sprouts Farmers Market will post 0.99 earnings per share for the current year.

In related news, insider Daniel Bruni acquired 15,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was acquired at an average cost of $19.00 per share, with a total value of $285,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO James Leroy Nielsen sold 110,000 shares of the 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 sale, the chief operating officer now directly owns 207,108 shares of the company’s stock, valued at $4,798,692.36. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Sprouts Farmers Market by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 10,568,169 shares of the company’s stock valued at $239,580,000 after acquiring an additional 104,072 shares during the last quarter. BlackRock Inc. lifted its position in Sprouts Farmers Market by 0.8% in the second quarter. BlackRock Inc. now owns 10,286,759 shares of the company’s stock worth $233,201,000 after buying an additional 81,799 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Sprouts Farmers Market by 0.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,758,862 shares of the company’s stock worth $70,554,000 after buying an additional 13,791 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Sprouts Farmers Market by 8.2% in the third quarter. Bank of New York Mellon Corp now owns 3,701,231 shares of the company’s stock worth $69,472,000 after buying an additional 280,083 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Sprouts Farmers Market by 79.2% in the second quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock worth $58,344,000 after buying an additional 1,137,200 shares during the last quarter. 90.15% of the stock is owned by institutional investors and hedge funds.

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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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