Sprouts Farmers Market (SFM) PT Set at $26.00 by Jefferies Group

Sprouts Farmers Market (NASDAQ:SFM) has been given a $26.00 target price by research analysts at Jefferies Group in a research report issued on Monday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential downside of 0.76% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research report on Monday, November 20th. TheStreet upgraded shares of Sprouts Farmers Market from a “c” rating to a “b-” rating in a research report on Monday, December 4th. Wolfe Research upgraded shares of Sprouts Farmers Market to an “outperform” rating in a research report on Thursday, November 9th. Goldman Sachs Group restated a “sell” rating and issued a $18.00 price objective 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, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Sprouts Farmers Market has a consensus rating of “Buy” and a consensus target price of $26.33.

Sprouts Farmers Market (NASDAQ:SFM) traded down $0.15 on Monday, reaching $26.20. 1,328,393 shares of the company’s stock traded hands, compared to its average volume of 2,010,000. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. The firm has a market cap of $3,490.00, a PE ratio of 27.01, a PEG ratio of 1.90 and a beta of 0.80. Sprouts Farmers Market has a 52-week low of $17.38 and a 52-week high of $28.29.

In related news, insider Theodore Edward Frumkin II sold 36,667 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $23.93, for a total transaction of $877,441.31. Following the transaction, the insider now owns 58,912 shares of the company’s stock, valued at approximately $1,409,764.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amin N. Maredia sold 12,301 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $24.33, for a total transaction of $299,283.33. The disclosure for this sale can be found here. Insiders have sold a total of 1,651,481 shares of company stock worth $42,706,303 in the last three months. 2.60% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP bought a new position in Sprouts Farmers Market during the 4th quarter worth approximately $1,839,000. Smith Asset Management Group LP bought a new position in Sprouts Farmers Market in the fourth quarter valued at approximately $18,929,000. Quadrature Capital Ltd bought a new position in Sprouts Farmers Market in the fourth quarter valued at approximately $992,000. State of Tennessee Treasury Department lifted its stake in Sprouts Farmers Market by 19.5% in the fourth quarter. State of Tennessee Treasury Department now owns 336,999 shares of the company’s stock valued at $8,206,000 after buying an additional 54,970 shares in the last quarter. Finally, First Republic Investment Management Inc. bought a new position in Sprouts Farmers Market in the fourth quarter valued at approximately $299,000. 90.21% of the stock is currently 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.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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