Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives Consensus Rating of “Hold” from Analysts

Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) has been given a consensus rating of “Hold” by the ten analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.57.

A number of research firms recently issued reports on SFM. StockNews.com began coverage on Sprouts Farmers Market in a research report on Thursday. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price target on Sprouts Farmers Market from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Credit Suisse Group reiterated a “neutral” rating and set a $35.00 price target on shares of Sprouts Farmers Market in a research report on Monday, March 6th. JPMorgan Chase & Co. boosted their price objective on Sprouts Farmers Market from $33.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 8th. Finally, The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Wednesday, November 30th.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider David Mcglinchey sold 8,321 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $273,344.85. Following the completion of the sale, the insider now owns 43,151 shares in the company, valued at approximately $1,417,510.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Sprouts Farmers Market news, SVP Kim Coffin sold 11,506 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $33.41, for a total value of $384,415.46. Following the completion of the transaction, the senior vice president now owns 8,663 shares of the company’s stock, valued at approximately $289,430.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David Mcglinchey sold 8,321 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $32.85, for a total value of $273,344.85. Following the completion of the transaction, the insider now directly owns 43,151 shares of the company’s stock, valued at approximately $1,417,510.35. The disclosure for this sale can be found here. Insiders have sold 116,453 shares of company stock worth $3,836,464 over the last 90 days. 0.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Large investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. bought a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $612,000. Trust Investment Advisors bought a new position in Sprouts Farmers Market in the 4th quarter valued at $315,000. Natixis boosted its position in Sprouts Farmers Market by 5.7% in the 4th quarter. Natixis now owns 164,637 shares of the company’s stock valued at $5,329,000 after buying an additional 8,900 shares during the last quarter. Truist Financial Corp boosted its position in Sprouts Farmers Market by 66.0% in the 4th quarter. Truist Financial Corp now owns 47,539 shares of the company’s stock valued at $1,539,000 after buying an additional 18,905 shares during the last quarter. Finally, Point72 Middle East FZE bought a new position in shares of Sprouts Farmers Market in the 4th quarter worth $397,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Sprouts Farmers Market Price Performance

SFM stock opened at $32.31 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 0.25. Sprouts Farmers Market has a 52-week low of $22.56 and a 52-week high of $35.59. The stock’s 50 day moving average is $32.21 and its two-hundred day moving average is $31.11. The company has a market capitalization of $3.33 billion, a PE ratio of 13.52, a P/E/G ratio of 1.39 and a beta of 0.39.

Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last issued its earnings results on Thursday, March 2nd. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.56 billion. Sprouts Farmers Market had a return on equity of 25.40% and a net margin of 4.08%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. Analysts predict that Sprouts Farmers Market will post 2.52 earnings per share for the current fiscal year.

Sprouts Farmers Market Company Profile

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Sprouts Farmers Market, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.