Sprouts Farmers Market (NASDAQ:SFM) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Monday.

A number of other research firms have also weighed in on SFM. Deutsche Bank reissued a “hold” rating and set a $24.00 price objective (up previously from $22.00) on shares of Sprouts Farmers Market in a research note on Wednesday, August 9th. Stephens assumed coverage on Sprouts Farmers Market in a research note on Friday, August 11th. They set an “equal weight” rating and a $25.00 price objective on the stock. BidaskClub lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. William Blair reissued a “buy” rating on shares of Sprouts Farmers Market in a research note on Friday, August 25th. Finally, Goldman Sachs Group reissued a “sell” rating and set a $18.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $24.28.

Sprouts Farmers Market (SFM) traded up $0.02 during midday trading on Monday, reaching $23.74. The company’s stock had a trading volume of 1,537,072 shares, compared to its average volume of 2,919,701. The firm has a market capitalization of $3,196.36, a price-to-earnings ratio of 24.76, a P/E/G ratio of 2.14 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. Sprouts Farmers Market has a one year low of $17.38 and a one year high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. equities research analysts predict that Sprouts Farmers Market will post 0.99 earnings per share for the current fiscal year.

In related news, insider Theodore Edward Frumkin II sold 36,667 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $23.93, for a total value of $877,441.31. Following the sale, the insider now owns 58,912 shares in the company, valued at approximately $1,409,764.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James Leroy Nielsen sold 110,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $23.17, for a total value of $2,548,700.00. Following the completion of the sale, the chief operating officer now owns 207,108 shares in the company, valued at approximately $4,798,692.36. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of SFM. Advisory Services Network LLC raised its holdings in shares of Sprouts Farmers Market by 1,093.0% in 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 during the period. Victory Capital Management Inc. raised its holdings in shares of Sprouts Farmers Market by 17.6% in 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 during the period. Harvest Management LLC purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at $188,000. Seven Eight Capital LP purchased a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at $193,000. Finally, World Asset Management Inc raised its holdings in shares of Sprouts Farmers Market by 2.4% in the 2nd quarter. World Asset Management Inc now owns 9,284 shares of the company’s stock valued at $210,000 after buying an additional 221 shares during the period. Hedge funds and other institutional investors own 90.15% of the company’s stock.

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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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