Sprouts Farmers Market (NASDAQ:SFM) has been assigned a $27.00 target price by equities research analysts at Stephens in a report released on Wednesday. The firm currently has a “hold” rating on the stock. Stephens’ price objective would indicate a potential upside of 4.85% from the stock’s previous close.
SFM has been the subject of a number of other reports. Jefferies Group reduced their price objective on shares of Sprouts Farmers Market from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, October 30th. Loop Capital reduced their price objective on shares of Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BMO Capital Markets upped their price objective on shares of Sprouts Farmers Market from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. Finally, BidaskClub cut shares of Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Sprouts Farmers Market presently has an average rating of “Hold” and a consensus target price of $25.00.
Sprouts Farmers Market (NASDAQ SFM) opened at $25.75 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. The firm has a market cap of $3,389.31, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.07 and a beta of 0.67. Sprouts Farmers Market has a 12-month low of $17.38 and a 12-month high of $26.15.
In other news, COO James Leroy Nielsen sold 110,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 207,108 shares in the company, valued at $4,798,692.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brandon F. Lombardi sold 8,557 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $25.74, for a total transaction of $220,257.18. The disclosure for this sale can be found here. Insiders sold 1,015,934 shares of company stock valued at $24,918,352 over the last quarter. Company insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Sprouts Farmers Market by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,862 shares of the company’s stock worth $428,000 after buying an additional 123 shares during the period. Mutual of America Capital Management LLC boosted its stake in Sprouts Farmers Market by 0.4% during the second quarter. Mutual of America Capital Management LLC now owns 104,878 shares of the company’s stock worth $2,378,000 after buying an additional 376 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Sprouts Farmers Market by 2.3% during the second quarter. Ameritas Investment Partners Inc. now owns 38,676 shares of the company’s stock worth $877,000 after buying an additional 860 shares during the period. Victory Capital Management Inc. boosted its stake in Sprouts Farmers Market by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after buying an additional 1,161 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Sprouts Farmers Market by 2.0% during the second quarter. Prudential Financial Inc. now owns 79,120 shares of the company’s stock worth $1,794,000 after buying an additional 1,550 shares during the period. 90.13% of the stock is owned by hedge funds and other institutional investors.
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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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