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Sprouts Farmers Market (NYSE:SFM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Friday. They currently have a $35.90 target price on the stock. Zacks‘s price objective would suggest a potential upside of 14.99% from the stock’s previous close.

Shares of Sprouts Farmers Market (NYSE:SFM) traded down 2.07% on Friday, hitting $31.24. The stock had a trading volume of 571,393 shares. Sprouts Farmers Market has a 52 week low of $25.73 and a 52 week high of $49.45. The stock has a 50-day moving average of $31.38 and a 200-day moving average of $33.58. The company has a market cap of $4.677 billion and a price-to-earnings ratio of 69.05.

Sprouts Farmers Market (NYSE:SFM) last released its earnings data on Wednesday, May 7th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.03. The company had revenue of $722.60 million for the quarter, compared to the consensus estimate of $706.73 million. During the same quarter last year, the company posted $0.14 earnings per share. Sprouts Farmers Market’s revenue was up 26.0% compared to the same quarter last year. Analysts expect that Sprouts Farmers Market will post $0.67 EPS for the current fiscal year.

A number of other firms have also recently commented on SFM. Analysts at Longbow Research initiated coverage on shares of Sprouts Farmers Market in a research note on Friday, July 11th. They set a “neutral” rating on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of Sprouts Farmers Market in a research note on Friday, July 11th. They set an “in-line” rating and a $36.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Sprouts Farmers Market in a research note on Wednesday, June 25th. They set an “overweight” rating and a $38.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.99.

Sprouts Farmers Market, Inc (NYSE:SFM) is a specialty retailer of natural and organic food focusing on health and wellness.

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