Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Friday.
A number of other research analysts have also recently issued reports on the company. Melius Research started coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They set a "hold" rating and a $105.00 price objective for the company. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They set a "sector perform" rating and a $107.00 price target for the company. Evercore ISI raised their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Finally, Bank of America increased their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $118.40.
Get Our Latest Report on Sprouts Farmers Market
Sprouts Farmers Market Stock Performance
Shares of NASDAQ:SFM traded up $1.69 on Friday, hitting $134.65. 1,296,305 shares of the company were exchanged, compared to its average volume of 1,476,002. The company's 50 day moving average price is $139.87 and its two-hundred day moving average price is $112.48. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 2.23 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market has a one year low of $48.49 and a one year high of $155.64.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. Sprouts Farmers Market's quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share. Research analysts expect that Sprouts Farmers Market will post 3.68 earnings per share for the current year.
Insider Buying and Selling
In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $138.99, for a total value of $794,188.86. Following the sale, the chief executive officer now owns 158,148 shares of the company's stock, valued at $21,980,990.52. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the transaction, the director now owns 10,874 shares of the company's stock, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 65,569 shares of company stock valued at $9,117,886. 1.10% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Sprouts Farmers Market
A number of large investors have recently modified their holdings of the business. Marshall Wace LLP boosted its holdings in shares of Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company's stock valued at $130,107,000 after buying an additional 973,666 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Sprouts Farmers Market by 15.4% in the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company's stock valued at $371,295,000 after acquiring an additional 593,600 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Sprouts Farmers Market by 2,577.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company's stock valued at $49,980,000 after acquiring an additional 435,767 shares during the period. Fiera Capital Corp acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $31,712,000. Finally, Millennium Management LLC increased its stake in shares of Sprouts Farmers Market by 314.8% during the 2nd quarter. Millennium Management LLC now owns 223,848 shares of the company's stock worth $18,727,000 after purchasing an additional 169,888 shares during the last quarter.
Sprouts Farmers Market Company Profile
(
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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.
Further Reading
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