Sprouts Farmers Market, Inc. (SFM) Coverage Initiated by Analysts at Stephens
Research analysts at Stephens started coverage on shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in a report issued on Friday, MarketBeat Ratings reports. The firm set an “equal weight” rating and a $25.00 price target on the stock. Stephens’ target price points to a potential upside of 3.56% from the company’s current price.
SFM has been the topic of several other reports. OTR Global cut Sprouts Farmers Market to a “neutral” rating in a research note on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $25.00 price target (down from $26.00) on shares of Sprouts Farmers Market in a research note on Friday, June 23rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sprouts Farmers Market in a research note on Thursday, May 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 price target on shares of Sprouts Farmers Market in a research note on Friday, June 30th. Finally, Morgan Stanley cut Sprouts Farmers Market from an “overweight” rating to an “equal” rating and upped their price target for the stock from $21.00 to $23.00 in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. Sprouts Farmers Market has an average rating of “Buy” and an average target price of $25.42.
Shares of Sprouts Farmers Market (SFM) traded up 1.34% during mid-day trading on Friday, hitting $24.14. 1,763,142 shares of the stock traded hands. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $25.98. The firm’s 50-day moving average is $23.59 and its 200-day moving average is $22.08. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 26.82 and a beta of 0.52.
Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. On average, analysts forecast that Sprouts Farmers Market will post $0.93 earnings per share for the current year.
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In other news, COO Dan J. Sanders sold 21,976 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $24.23, for a total transaction of $532,478.48. Following the transaction, the chief operating officer now directly owns 36,771 shares of the company’s stock, valued at $890,961.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO James Leroy Nielsen sold 55,322 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $23.74, for a total value of $1,313,344.28. Following the transaction, the chief operating officer now directly owns 152,430 shares in the company, valued at $3,618,688.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,746 shares of company stock worth $2,638,027. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. OLD National Bancorp IN increased its position in Sprouts Farmers Market by 39.3% in the first quarter. OLD National Bancorp IN now owns 31,322 shares of the company’s stock worth $724,000 after buying an additional 8,840 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Sprouts Farmers Market by 2.7% in the first quarter. Great West Life Assurance Co. Can now owns 327,451 shares of the company’s stock worth $7,582,000 after buying an additional 8,487 shares in the last quarter. Barrett Asset Management LLC increased its position in Sprouts Farmers Market by 500.0% in the first quarter. Barrett Asset Management LLC now owns 12,000 shares of the company’s stock worth $277,000 after buying an additional 10,000 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Sprouts Farmers Market by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 48,887 shares of the company’s stock worth $1,130,000 after buying an additional 600 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Sprouts Farmers Market by 14.7% in the first quarter. Russell Investments Group Ltd. now owns 24,050 shares of the company’s stock worth $556,000 after buying an additional 3,091 shares in the last quarter. 86.88% of the stock is currently owned by institutional investors.
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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