BMO Capital Markets Reaffirms “Hold” Rating for Sprouts Farmers Market (SFM)

Sprouts Farmers Market (NASDAQ:SFM)‘s stock had its “hold” rating reissued by investment analysts at BMO Capital Markets in a report issued on Wednesday. They currently have a $32.00 target price on the stock. BMO Capital Markets’ price target would indicate a potential upside of 14.20% from the company’s previous close.

Several other research firms also recently weighed in on SFM. BidaskClub raised shares of Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Wolfe Research upgraded shares of Sprouts Farmers Market to an “outperform” rating in a report on Thursday, November 9th. Susquehanna Bancshares began coverage on shares of Sprouts Farmers Market in a report on Monday, October 16th. They set a “positive” rating and a $23.00 price target for the company. 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 report on Friday, November 3rd. Finally, UBS Group set a $25.00 price target on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.33.

Sprouts Farmers Market (NASDAQ SFM) traded up $0.13 during trading on Wednesday, hitting $28.02. 1,647,875 shares of the stock traded hands, compared to its average volume of 1,890,000. The stock has a market capitalization of $3,750.00, a P/E ratio of 28.89, a P/E/G ratio of 2.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $28.07.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. research analysts predict that Sprouts Farmers Market will post 1 earnings per share for the current fiscal year.

In other Sprouts Farmers Market news, Director Shon A. Boney sold 5,902 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $28.00, for a total value of $165,256.00. Following the completion of the sale, the director now directly owns 7,272 shares in the company, valued at $203,616. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shon A. Boney sold 291,227 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $28.01, for a total transaction of $8,157,268.27. Following the completion of the sale, the director now owns 7,272 shares of the company’s stock, valued at $203,688.72. The disclosure for this sale can be found here. Insiders sold 1,313,063 shares of company stock valued at $33,240,877 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp lifted its stake in shares of Sprouts Farmers Market by 1.2% in the second quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock worth $25,568,000 after buying an additional 13,641 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Sprouts Farmers Market by 67.3% in the second quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock worth $3,086,000 after buying an additional 54,787 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Sprouts Farmers Market in the third quarter worth $1,991,000. Verition Fund Management LLC acquired a new stake in shares of Sprouts Farmers Market in the second quarter worth $351,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Sprouts Farmers Market in the third quarter worth $2,485,000. Hedge funds and other institutional investors own 89.85% 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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