Sprouts Farmers Markets LLC Now Covered by Analysts at Goldman Sachs Group Inc. (SFM)
Analysts at Goldman Sachs Group Inc. began coverage on shares of Sprouts Farmers Markets LLC (NYSE:SFM) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $33.00 price target on the stock. Goldman Sachs Group Inc.’s target price points to a potential downside of 15.45% from the stock’s previous close.
The analysts wrote, “We initiate coverage of Sprouts Farmers Market (SFM) – a rapidly growing value-oriented, specialty food retailer – with a Neutral rating and see 15% downside to our $33, 12-month price target. While we are attracted to SFM’s long-term growth potential and competitive position, the market has quickly appreciated this growth with shares currently trading at 79X our NTM EPS estimates, a meaningful premium to the specialty peer group average of 42X (NGVC, TFM, and WFM). Therefore, we would await a better entry point to potentially become more constructive, all else equal.”
Sprouts Farmers Markets LLC (NYSE:SFM) traded down 2.78% during mid-day trading on Tuesday, hitting $37.945. The stock had a trading volume of 184,443 shares. Sprouts Farmers Markets LLC has a one year low of $33.00 and a one year high of $41.85. The stock’s 50-day moving average is $38.50 and its 200-day moving average is $38.50. The company has a market cap of $5.556 billion and a price-to-earnings ratio of 159.31.
Sprouts Farmers Markets LLC (NYSE:SFM) last released its earnings data on Thursday, August 22nd. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $622.40 million for the quarter, compared to the consensus estimate of $430.00 million.
Separately, analysts at Bank of America Corp. initiated coverage on shares of Sprouts Farmers Markets LLC (NYSE:SFM) in a research note to investors on Tuesday. They set an “underperform” rating and a $37.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $36.50.
Sprouts Farmers Market, LLC is a United States-based company that owns and operates a network of food retail stores.
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