Sprouts Farmers Market (NASDAQ:SFM) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other analysts also recently commented on SFM. TheStreet upgraded Sprouts Farmers Market from a “c” rating to a “b-” rating in a research note on Monday, December 4th. Goldman Sachs Group restated a “sell” rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday, November 14th. Wolfe Research upgraded Sprouts Farmers Market to an “outperform” rating in a research note on Thursday, November 9th. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research note on Monday, November 20th. Finally, Zacks Investment Research upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Saturday, November 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $24.28.

Sprouts Farmers Market (NASDAQ:SFM) traded up $0.06 during mid-day trading on Friday, hitting $24.29. The stock had a trading volume of 2,950,000 shares, compared to its average volume of 1,990,000. Sprouts Farmers Market has a 1 year low of $17.38 and a 1 year high of $25.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. The company has a market cap of $3,240.00, a price-to-earnings ratio of 25.04, a PEG ratio of 1.93 and a beta of 0.67.

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

In other Sprouts Farmers Market news, CEO Amin N. Maredia sold 12,301 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $24.33, for a total transaction of $299,283.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shon A. Boney sold 848,409 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $24.72, for a total value of $20,972,670.48. Following the transaction, the director now owns 478,965 shares of the company’s stock, valued at approximately $11,840,014.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,007,377 shares of company stock valued at $24,698,095 in the last quarter. Company insiders own 2.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Sprouts Farmers Market by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 10,568,169 shares of the company’s stock worth $239,580,000 after buying an additional 104,072 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Sprouts Farmers Market by 0.8% in the 2nd quarter. BlackRock Inc. now owns 10,286,759 shares of the company’s stock worth $233,201,000 after buying an additional 81,799 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Sprouts Farmers Market by 0.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,758,862 shares of the company’s stock worth $70,554,000 after buying an additional 13,791 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Sprouts Farmers Market by 8.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,701,231 shares of the company’s stock worth $69,472,000 after buying an additional 280,083 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Sprouts Farmers Market by 79.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock worth $58,344,000 after buying an additional 1,137,200 shares during the last quarter. Institutional investors and hedge funds own 89.68% of the company’s stock.

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Sprouts Farmers Market Company Profile

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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