Sprouts Farmers Market, Inc. (NASDAQ:SFM) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Tuesday.

SFM has been the topic of several other research reports. Wells Fargo & Company reiterated an “outperform” rating on shares of Sprouts Farmers Market in a report on Tuesday, June 27th. Royal Bank Of Canada set a $28.00 price target on Sprouts Farmers Market and gave the company a “buy” rating in a report on Friday, May 19th. Zacks Investment Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and issued a $25.00 price objective (down previously from $26.00) on shares of Sprouts Farmers Market in a research note on Friday, June 23rd. Finally, BidaskClub upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $24.90.

Shares of Sprouts Farmers Market (SFM) traded down 0.24% during mid-day trading on Tuesday, hitting $24.50. 1,912,685 shares of the stock traded hands. Sprouts Farmers Market has a 12-month low of $17.38 and a 12-month high of $25.98. The firm’s 50 day moving average price is $23.24 and its 200-day moving average price is $21.68. The stock has a market cap of $3.37 billion, a P/E ratio of 28.79 and a beta of 0.51.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Sprouts Farmers Market had a return on equity of 17.33% and a net margin of 2.97%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. Analysts predict that Sprouts Farmers Market will post $0.91 earnings per share for the current year.

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In other news, CEO Amin N. Maredia sold 13,448 shares of Sprouts Farmers Market stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $22.71, for a total transaction of $305,404.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brandon F. Lombardi sold 28,500 shares of Sprouts Farmers Market stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $24.20, for a total value of $689,700.00. Following the transaction, the insider now owns 82,261 shares in the company, valued at approximately $1,990,716.20. The disclosure for this sale can be found here. Insiders have sold a total of 119,246 shares of company stock worth $2,840,927 in the last quarter. 2.60% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in SFM. Benjamin F. Edwards & Company Inc. boosted its stake in Sprouts Farmers Market by 2.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock valued at $171,000 after buying an additional 170 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in Sprouts Farmers Market during the second quarter valued at approximately $235,000. State Treasurer State of Michigan boosted its stake in Sprouts Farmers Market by 2.3% in the second quarter. State Treasurer State of Michigan now owns 53,300 shares of the company’s stock valued at $1,208,000 after buying an additional 1,200 shares during the last quarter. First Quadrant L P CA boosted its stake in Sprouts Farmers Market by 16.3% in the second quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock valued at $179,000 after buying an additional 1,105 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Sprouts Farmers Market by 4.0% in the second quarter. Louisiana State Employees Retirement System now owns 33,700 shares of the company’s stock valued at $764,000 after buying an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.

About Sprouts Farmers Market

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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