Sprouts Farmers Market (NASDAQ:SFM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

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. “

Other research analysts have also issued reports about the stock. Stephens set a $25.00 price target on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Wednesday. Susquehanna Bancshares set a $30.00 price target on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research report on Thursday. BidaskClub lowered shares of Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. BMO Capital Markets set a $26.00 price target on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Wednesday. Finally, UBS Group set a $25.00 price target on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research report on Monday, October 30th. 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 company. The stock presently has an average rating of “Hold” and an average target price of $24.89.

Sprouts Farmers Market (NASDAQ:SFM) opened at $25.47 on Friday. Sprouts Farmers Market has a one year low of $17.38 and a one year high of $25.98. The firm has a market cap of $3,389.32, a P/E ratio of 26.26, a P/E/G ratio of 1.98 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77.

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, beating analysts’ consensus estimates 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 business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business earned $0.16 EPS. Sprouts Farmers Market’s revenue was up 16.4% compared to the same quarter last year. equities analysts predict that Sprouts Farmers Market will post 1 earnings per share for the current fiscal year.

In other Sprouts Farmers Market news, insider Theodore Edward Frumkin II sold 36,667 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $23.93, for a total value of $877,441.31. Following the completion of the sale, the insider now directly owns 58,912 shares of the company’s stock, valued at $1,409,764.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shon A. Boney sold 848,409 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total transaction of $20,972,670.48. Following the completion of the sale, the director now directly owns 478,965 shares of the company’s stock, valued at $11,840,014.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,015,934 shares of company stock valued at $24,918,352 over the last ninety days. 2.60% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of SFM. Old Mutual Global Investors UK Ltd. bought a new stake in Sprouts Farmers Market in the third quarter worth $40,505,000. PointState Capital LP bought a new stake in Sprouts Farmers Market in the second quarter worth $32,954,000. Renaissance Technologies LLC lifted its stake in Sprouts Farmers Market by 79.2% in the second quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock worth $58,344,000 after purchasing an additional 1,137,200 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Sprouts Farmers Market by 49.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock worth $37,717,000 after purchasing an additional 665,598 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Sprouts Farmers Market by 171.1% in the third quarter. Wells Fargo & Company MN now owns 677,408 shares of the company’s stock worth $12,715,000 after purchasing an additional 427,528 shares during the last quarter. 89.68% of the stock is owned by institutional investors and hedge funds.

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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.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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