Sprouts Farmers Market, Inc. (SFM) Given Consensus Recommendation of “Hold” by Brokerages
Sprouts Farmers Market, Inc. (NASDAQ:SFM) has been assigned a consensus recommendation of “Hold” from the twenty-four research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $25.27.
A number of research analysts have commented on SFM shares. TheStreet upgraded shares of Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and set a $28.00 price target on shares of Sprouts Farmers Market in a research note on Friday, June 30th. Jefferies Group LLC set a $26.00 price target on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Sprouts Farmers Market in a research note on Thursday, August 3rd.
In related news, CFO Bradley Lukow purchased 7,000 shares of Sprouts Farmers Market stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of $19.80 per share, for a total transaction of $138,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel Bruni purchased 15,000 shares of Sprouts Farmers Market stock in a transaction on Friday, September 15th. The stock was bought at an average price of $19.00 per share, with a total value of $285,000.00. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SFM. Russell Investments Group Ltd. lifted its position in shares of Sprouts Farmers Market by 14.7% during the first quarter. Russell Investments Group Ltd. now owns 24,050 shares of the company’s stock valued at $556,000 after purchasing an additional 3,091 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Sprouts Farmers Market by 48.1% in the first quarter. UBS Asset Management Americas Inc. now owns 108,829 shares of the company’s stock worth $2,516,000 after acquiring an additional 35,328 shares during the period. Karp Capital Management Corp bought a new stake in Sprouts Farmers Market in the first quarter worth about $564,000. Parametric Portfolio Associates LLC raised its position in Sprouts Farmers Market by 75.5% in the first quarter. Parametric Portfolio Associates LLC now owns 138,115 shares of the company’s stock worth $3,193,000 after acquiring an additional 59,418 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Sprouts Farmers Market by 28.3% in the first quarter. Envestnet Asset Management Inc. now owns 12,117 shares of the company’s stock worth $280,000 after acquiring an additional 2,674 shares during the period. Hedge funds and other institutional investors own 88.03% of the company’s stock.
Shares of Sprouts Farmers Market (SFM) traded up 1.97% during mid-day trading on Thursday, hitting $18.63. The stock had a trading volume of 1,655,411 shares. The firm has a 50 day moving average of $19.48 and a 200 day moving average of $22.42. Sprouts Farmers Market has a one year low of $17.38 and a one year high of $25.98. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 21.00 and a beta of 0.54.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. On average, analysts forecast that Sprouts Farmers Market will post $0.93 earnings per share for the current year.
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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