Sprouts Farmers Market (SFM) Upgraded by BidaskClub to “Strong-Buy”

BidaskClub upgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a buy rating to a strong-buy rating in a research note published on Friday morning.

Several other research analysts have also commented on 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 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. Northcoast Research upgraded shares of Sprouts Farmers Market from a neutral rating to a buy rating in a research note on Monday, November 20th. Wolfe Research upgraded shares of Sprouts Farmers Market to an outperform rating in a research note on Thursday, November 9th. Finally, Goldman Sachs Group reaffirmed a sell rating and set a $18.00 price objective on shares of Sprouts Farmers Market in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $24.28.

Shares of Sprouts Farmers Market (NASDAQ SFM) traded up $0.07 on Friday, hitting $24.85. 601,271 shares of the stock traded hands, compared to its average volume of 2,150,000. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $25.98. The firm has a market cap of $3,320.00, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.21 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 announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business posted $0.16 EPS. Sprouts Farmers Market’s quarterly revenue was up 16.4% on a year-over-year basis. research analysts anticipate that Sprouts Farmers Market will post 0.99 EPS for the current year.

In other news, COO James Leroy Nielsen sold 110,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $23.17, for a total value of $2,548,700.00. Following the completion of the transaction, the chief operating officer now owns 207,108 shares in the company, valued at approximately $4,798,692.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $23.93, for a total transaction of $877,441.31. Following the completion of the transaction, the insider now owns 58,912 shares of the company’s stock, valued at approximately $1,409,764.16. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased 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 worth $239,580,000 after purchasing an additional 104,072 shares in the last quarter. BlackRock Inc. increased its position in Sprouts Farmers Market by 0.8% in the 2nd quarter. BlackRock Inc. now owns 10,286,759 shares of the company’s stock valued at $233,201,000 after acquiring an additional 81,799 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Sprouts Farmers Market by 0.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,758,862 shares of the company’s stock valued at $70,554,000 after acquiring an additional 13,791 shares in the last quarter. Bank of New York Mellon Corp increased its position in Sprouts Farmers Market by 8.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,701,231 shares of the company’s stock valued at $69,472,000 after acquiring an additional 280,083 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Sprouts Farmers Market by 79.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock valued at $58,344,000 after acquiring an additional 1,137,200 shares in the last quarter. Institutional investors and hedge funds own 89.68% of the company’s stock.

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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.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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