Sprouts Farmers Market (NASDAQ: SFM) has recently received a number of price target changes and ratings updates:

  • 10/18/2017 – Sprouts Farmers Market was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 10/16/2017 – Sprouts Farmers Market is now covered by analysts at Susquehanna Bancshares Inc. They set a “positive” rating and a $23.00 price target on the stock.
  • 10/5/2017 – Sprouts Farmers Market was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 10/4/2017 – Sprouts Farmers Market was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. 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. “
  • 9/18/2017 – Sprouts Farmers Market was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/15/2017 – Sprouts Farmers Market had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $27.00 price target on the stock.
  • 8/29/2017 – Sprouts Farmers Market was given a new $24.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 8/25/2017 – Sprouts Farmers Market had its “buy” rating reaffirmed by analysts at William Blair.
  • 8/24/2017 – Sprouts Farmers Market was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Sprouts Farmers Market, Inc. (SFM) opened at 19.00 on Monday. The stock’s 50 day moving average is $19.05 and its 200-day moving average is $22.22. Sprouts Farmers Market, Inc. has a 1-year low of $17.38 and a 1-year high of $25.98. The firm has a market cap of $2.58 billion, a PE ratio of 21.42 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. Analysts expect that Sprouts Farmers Market, Inc. will post $0.93 earnings per share for the current year.

In related news, CFO Bradley Lukow acquired 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of $19.80 per share, for a total transaction of $138,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven H. Townsend sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $24.42, for a total value of $366,300.00. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

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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