Sprouts Farmers Market, Inc. (NASDAQ:SFM) had its price objective dropped by stock analysts at Jefferies Group LLC from $26.00 to $19.00 in a report released on Monday. The brokerage currently has a “hold” rating on the stock. Jefferies Group LLC’s price target indicates a potential upside of 5.97% from the company’s previous close.

Several other equities research analysts have also weighed in on SFM. BidaskClub raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. TheStreet raised Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada set a $28.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $24.50.

Shares of Sprouts Farmers Market (NASDAQ SFM) traded up 0.78% during midday trading on Monday, hitting $18.07. The stock had a trading volume of 519,400 shares. The stock has a market cap of $2.45 billion, a PE ratio of 20.37 and a beta of 0.54. Sprouts Farmers Market has a one year low of $17.38 and a one year high of $25.98. The firm has a 50 day moving average price of $18.85 and a 200 day moving average price of $22.06.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping the 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 business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $0.25 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities analysts forecast that Sprouts Farmers Market will post $0.93 earnings per share for the current fiscal year.

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In related news, Director Steven H. Townsend sold 15,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $24.42, for a total value of $366,300.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brandon F. Lombardi sold 20,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $24.34, for a total value of $486,800.00. Following the completion of the sale, the insider now owns 73,761 shares in the company, valued at $1,795,342.74. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its stake in shares of Sprouts Farmers Market by 1,093.0% in the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after buying an additional 4,864 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock valued at $126,000 after buying an additional 468 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $152,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of 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 in the last quarter. Finally, First Quadrant L P CA boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 87.59% 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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