Sprouts Farmers Market (NASDAQ:SFM) Upgraded at StockNews.com

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Monday.

Other research analysts also recently issued research reports about the stock. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They set a "hold" rating and a $105.00 target price on the stock. BMO Capital Markets increased their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a research report on Thursday. Wells Fargo & Company boosted their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an "equal weight" rating in a research report on Thursday. Roth Mkm increased their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a "hold" rating in a report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of "Hold" and a consensus price target of $115.40.

Sprouts Farmers Market Trading Up 1.2 %

Shares of SFM traded up $1.58 during mid-day trading on Monday, reaching $131.79. 1,666,510 shares of the company were exchanged, compared to its average volume of 1,333,538. The business has a 50 day simple moving average of $110.21 and a two-hundred day simple moving average of $91.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.13. The stock has a market capitalization of $13.18 billion, a PE ratio of 38.09, a PEG ratio of 2.73 and a beta of 0.54. Sprouts Farmers Market has a 52 week low of $39.98 and a 52 week high of $135.10.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business earned $0.65 EPS. The company's revenue was up 13.6% compared to the same quarter last year. On average, analysts predict that Sprouts Farmers Market will post 3.67 earnings per share for the current fiscal year.

Insider Activity

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 921 shares of the company's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $113.60, for a total value of $104,625.60. Following the transaction, the insider now directly owns 25,251 shares in the company, valued at $2,868,513.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Dustin Hamilton sold 921 shares of the firm's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the sale, the insider now owns 25,251 shares in the company, valued at approximately $2,868,513.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction on Monday, October 7th. The stock was sold at an average price of $112.41, for a total transaction of $642,310.74. Following the sale, the chief executive officer now directly owns 211,004 shares of the company's stock, valued at $23,718,959.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,829 shares of company stock worth $5,206,068 in the last three months. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of large investors have recently modified their holdings of the company. Crewe Advisors LLC lifted its stake in Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company's stock worth $27,000 after purchasing an additional 219 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Sprouts Farmers Market in the third quarter worth about $38,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at about $29,000. Quarry LP boosted its holdings in Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company's stock valued at $40,000 after acquiring an additional 442 shares during the period. Finally, Waldron Private Wealth LLC bought a new position in Sprouts Farmers Market during the 3rd quarter worth approximately $60,000.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.

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