Sprouts Farmers Market, Inc. (NASDAQ:SFM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The firm presently has a $23.00 target price on the stock. Zacks Investment Research‘s target price points to a potential upside of 12.91% 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. “

Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday. Loop Capital decreased their price target on shares of Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Friday. Royal Bank Of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, October 30th. Jefferies Group LLC decreased their target price on shares of Sprouts Farmers Market from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, October 30th. Finally, UBS Group AG (USA) set a $25.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.44.

Shares of Sprouts Farmers Market (SFM) opened at $20.37 on Friday. The company has a market cap of $2,725.29, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.83 and a beta of 0.54. The company has a current ratio of 1.00, a quick ratio of 0.21 and a debt-to-equity ratio of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year. equities analysts predict that Sprouts Farmers Market will post 0.94 EPS for the current fiscal year.

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In related news, Director Steven H. Townsend sold 15,000 shares of the company’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 transaction of $366,300.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brandon F. Lombardi sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $24.34, for a total transaction of $486,800.00. Following 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.

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its stake in shares of Sprouts Farmers Market by 1,093.0% during the 2nd 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. lifted its stake in shares of Sprouts Farmers Market by 9.4% during the 1st 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. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Sprouts Farmers Market by 2.3% during the 2nd 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. Victory Capital Management Inc. lifted its stake in shares of Sprouts Farmers Market by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock valued at $175,000 after buying an additional 1,161 shares in the last quarter. Finally, First Quadrant L P CA lifted its stake in shares of Sprouts Farmers Market by 16.3% during the 2nd 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. 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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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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