Sprouts Farmers Market, Inc. (SFM) PT Raised to $22.00
Sprouts Farmers Market, Inc. (NASDAQ:SFM) had its price objective boosted by equities research analysts at BMO Capital Markets from $20.00 to $22.00 in a report released on Friday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 8.00% from the company’s current price.
Several other brokerages have also recently weighed in on SFM. Jefferies Group LLC cut Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a report on Thursday, July 27th. TheStreet upgraded Sprouts Farmers Market from a “c+” rating to a “b-” rating in a report on Tuesday, July 25th. Deutsche Bank AG restated a “hold” rating and issued a $24.00 price objective (up previously from $22.00) on shares of Sprouts Farmers Market in a report on Wednesday, August 9th. Royal Bank Of Canada set a $28.00 price objective on Sprouts Farmers Market and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Stephens began coverage on Sprouts Farmers Market in a report on Friday, August 11th. They issued an “equal weight” rating and a $25.00 price objective for the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.33.
Sprouts Farmers Market (NASDAQ:SFM) traded up $1.50 on Friday, hitting $20.37. The company’s stock had a trading volume of 2,977,002 shares, compared to its average volume of 2,562,400. The stock has a market capitalization of $2,725.29, a price-to-earnings ratio of 21.11 and a beta of 0.54.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. Sprouts Farmers Market’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. equities analysts anticipate that Sprouts Farmers Market will post 0.94 EPS for the current year.
In other Sprouts Farmers Market news, CFO Bradley Lukow purchased 7,000 shares of the company’s stock in a transaction dated 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven H. Townsend sold 15,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $24.42, for a total transaction of $366,300.00. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its position 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. raised its position 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. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Sprouts Farmers Market by 6.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,216 shares of the company’s stock valued at $119,000 after buying an additional 390 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $152,000. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $161,000. 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.
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