Sprouts Farmers Market Inc (NASDAQ:SFM)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group LLC in a research report issued to clients and investors on Monday. They currently have a $22.00 target price on the stock. Jefferies Group LLC’s target price suggests a potential upside of 0.82% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Barclays PLC reiterated a “sell” rating and set a $24.00 target price on shares of Sprouts Farmers Market in a research report on Monday. Wells Fargo & Co reiterated a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, February 23rd. OTR Global upgraded shares of Sprouts Farmers Market to a “neutral” rating in a research report on Thursday, February 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $28.00 target price on shares of Sprouts Farmers Market in a research report on Monday, February 27th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Sprouts Farmers Market in a research report on Wednesday, February 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.25.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

Shares of Sprouts Farmers Market (NASDAQ:SFM) traded down 0.886% during mid-day trading on Monday, hitting $21.825. 12,732,592 shares of the stock were exchanged. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $30.00. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 26.295 and a beta of 0.58. The company’s 50-day moving average is $18.74 and its 200-day moving average is $20.18.

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Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.00. The business earned $985.70 million during the quarter, compared to analysts’ expectations of $974.60 million. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 17.00%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. Equities research analysts anticipate that Sprouts Farmers Market will post $0.88 earnings per share for the current fiscal year.

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In other news, Director James Douglas Sanders sold 45,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $19.27, for a total transaction of $867,150.00. Following the completion of the sale, the director now owns 77,810 shares in the company, valued at approximately $1,499,398.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 315,000 shares of company stock valued at $6,024,600. 2.60% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of Sprouts Farmers Market by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,443 shares of the company’s stock valued at $179,000 after buying an additional 363 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Sprouts Farmers Market by 6.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,216 shares of the company’s stock valued at $119,000 after buying an additional 390 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 5.2% in the third quarter. LS Investment Advisors LLC now owns 9,037 shares of the company’s stock valued at $187,000 after buying an additional 449 shares in the last quarter. Duncker Streett & Co. Inc. boosted its stake in shares of Sprouts Farmers Market by 4.4% in the third quarter. Duncker Streett & Co. Inc. now owns 11,950 shares of the company’s stock valued at $247,000 after buying an additional 500 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Sprouts Farmers Market by 9.5% in the third quarter. Tower Research Capital LLC TRC now owns 9,005 shares of the company’s stock valued at $186,000 after buying an additional 779 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.

5 Day Chart for NASDAQ:SFM

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