Sprouts Farmers Market Inc (SFM) Receives Average Recommendation of “Buy” from Brokerages

Shares of Sprouts Farmers Market Inc (NASDAQ:SFM) have been assigned an average rating of “Buy” from the twenty-five ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.53.

Several research analysts have recently commented on SFM shares. Zacks Investment Research lowered shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. UBS Group set a $25.00 price objective on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research report on Monday, October 30th. Jefferies Group cut their price objective on shares of Sprouts Farmers Market from $26.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Royal Bank of Canada set a $28.00 price objective on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Loop Capital cut their price objective on shares of Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd.

In other Sprouts Farmers Market news, Director Shon A. Boney sold 17,221 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $26.71, for a total transaction of $459,972.91. Following the sale, the director now directly owns 18,591 shares in the company, valued at approximately $496,565.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $23.93, for a total transaction of $877,441.31. Following the sale, the insider now owns 58,912 shares in the company, valued at $1,409,764.16. 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 over the last 90 days. 2.60% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp raised its holdings in shares of Sprouts Farmers Market by 1.2% in the 2nd quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock worth $25,568,000 after purchasing an additional 13,641 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Sprouts Farmers Market by 8.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 149,820 shares of the company’s stock worth $3,396,000 after purchasing an additional 11,705 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sprouts Farmers Market by 62.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,803 shares of the company’s stock worth $30,464,000 after purchasing an additional 514,877 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Sprouts Farmers Market by 67.3% in the 2nd quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock worth $3,086,000 after purchasing an additional 54,787 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Sprouts Farmers Market in the 2nd quarter worth approximately $407,000. Institutional investors own 90.21% of the company’s stock.

Sprouts Farmers Market (NASDAQ:SFM) traded up $0.46 during midday trading on Wednesday, hitting $26.66. 1,683,000 shares of the stock traded hands, compared to its average volume of 2,016,948. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $28.29. 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 firm has a market cap of $3,486.45, a price-to-earnings ratio of 28.01, a PEG ratio of 1.88 and a beta of 0.80.

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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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