Sprouts Farmers Market (SFM) Upgraded by BidaskClub to “Strong-Buy”

Sprouts Farmers Market (NASDAQ:SFM) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

A number of other research analysts have also recently commented on the stock. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research report on Monday, November 20th. Wolfe Research raised shares of Sprouts Farmers Market to an “outperform” rating in a research report on Thursday, November 9th. TheStreet raised shares of Sprouts Farmers Market from a “c” rating to a “b-” rating in a research report on Monday, December 4th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. Finally, Zacks Investment Research cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.33.

Sprouts Farmers Market (NASDAQ:SFM) opened at $28.02 on Thursday. Sprouts Farmers Market has a 1 year low of $17.38 and a 1 year high of $28.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. The company has a market cap of $3,750.00, a PE ratio of 28.89, a price-to-earnings-growth ratio of 2.23 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, beating the Zacks’ 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 company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 16.4% compared to the same quarter last year. equities research analysts forecast that Sprouts Farmers Market will post 1 EPS for the current fiscal year.

In related news, CEO Amin N. Maredia sold 12,301 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $24.33, for a total transaction of $299,283.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Shon A. Boney sold 291,227 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $28.01, for a total transaction of $8,157,268.27. Following the sale, the director now owns 7,272 shares in the company, valued at $203,688.72. The disclosure for this sale can be found here. Insiders have sold 1,313,063 shares of company stock worth $33,240,877 over the last quarter. Insiders own 2.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC increased its stake in shares of Sprouts Farmers Market by 0.4% during the second quarter. Mutual of America Capital Management LLC now owns 104,878 shares of the company’s stock worth $2,378,000 after buying an additional 376 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Sprouts Farmers Market by 2.3% during the second quarter. Ameritas Investment Partners Inc. now owns 38,676 shares of the company’s stock worth $877,000 after buying an additional 860 shares during the period. Prudential Financial Inc. increased its stake in shares of Sprouts Farmers Market by 2.0% during the second quarter. Prudential Financial Inc. now owns 79,120 shares of the company’s stock worth $1,794,000 after buying an additional 1,550 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Sprouts Farmers Market by 14.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,828 shares of the company’s stock worth $427,000 after buying an additional 2,409 shares during the period. Finally, FDx Advisors Inc. increased its stake in shares of Sprouts Farmers Market by 13.2% during the third quarter. FDx Advisors Inc. now owns 33,108 shares of the company’s stock worth $621,000 after buying an additional 3,850 shares during the period. Hedge funds and other institutional investors own 89.85% 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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