Sprouts Farmers Market, Inc. (NASDAQ:SFM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a $21.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 13.33% from the stock’s previous close.

According to Zacks, “Sprouts Farmers Markets, LLC engages in the retailing of natural and organic food primarily in the United States. The Company offers fresh produce, meats, cheeses, dairy, bakery, beer and wine, bulk foods, vitamins, and supplements. Sprouts Farmers Markets, LLC is based in Phoenix, Arizona. “

A number of other equities analysts have also recently weighed in on SFM. BMO Capital Markets set a $24.00 price objective on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Tuesday, August 29th. Morgan Stanley lowered Sprouts Farmers Market from an “overweight” rating to an “equal” rating and lifted their target price for the stock from $21.00 to $23.00 in a research report on Thursday, June 15th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $27.00 target price on shares of Sprouts Farmers Market in a research report on Friday, September 15th. Royal Bank Of Canada reiterated 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, Wells Fargo & Company reiterated an “outperform” rating on shares of Sprouts Farmers Market in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.00.

Shares of Sprouts Farmers Market (SFM) traded up 1.160% during mid-day trading on Wednesday, reaching $18.745. 795,371 shares of the company traded hands. The firm’s 50 day moving average price is $20.45 and its 200-day moving average price is $22.59. The company has a market capitalization of $2.54 billion, a P/E ratio of 21.133 and a beta of 0.54. Sprouts Farmers Market has a 52-week low of $17.38 and a 52-week high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. Equities analysts predict that Sprouts Farmers Market will post $0.93 earnings per share for the current fiscal year.

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In related news, insider Brandon F. Lombardi sold 20,000 shares of Sprouts Farmers Market stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $24.34, for a total value of $486,800.00. Following the sale, the insider now directly owns 73,761 shares in the company, valued at approximately $1,795,342.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel Bruni acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $19.00 per share, for a total transaction of $285,000.00. The disclosure for this purchase can be found here. 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 business. Capstone Asset Management Co. increased its stake in shares of Sprouts Farmers Market by 0.9% in the second quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock valued at $310,000 after purchasing an additional 120 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Sprouts Farmers Market by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,862 shares of the company’s stock valued at $428,000 after buying an additional 123 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Sprouts Farmers Market by 2.3% during 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. World Asset Management Inc raised its holdings in shares of Sprouts Farmers Market by 2.4% during the second quarter. World Asset Management Inc now owns 9,284 shares of the company’s stock valued at $210,000 after buying an additional 221 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Sprouts Farmers Market by 0.4% during the second quarter. Mutual of America Capital Management LLC now owns 104,878 shares of the company’s stock valued at $2,378,000 after buying an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 88.03% of the company’s stock.

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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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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