Sprouts Farmers Market, Inc. (NASDAQ:SFM) has received an average recommendation of “Hold” from the twenty-five analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.13.
Several analysts have commented on SFM shares. TheStreet raised shares of Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research report on Tuesday, July 25th. Wells Fargo & Company reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, August 3rd. Royal Bank Of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $25.00 target price (down from $26.00) on shares of Sprouts Farmers Market in a research report on Friday, June 23rd.
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Shares of Sprouts Farmers Market (SFM) traded down 0.53% during trading on Thursday, hitting $18.65. 658,335 shares of the stock were exchanged. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 21.03 and a beta of 0.54. Sprouts Farmers Market has a 12-month low of $17.38 and a 12-month high of $25.98. The stock’s 50 day moving average is $19.18 and its 200-day moving average is $22.36.
Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, August 3rd. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share. Equities research analysts anticipate that Sprouts Farmers Market will post $0.93 EPS for the current year.
In related news, Director Steven H. Townsend sold 15,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $24.42, for a total transaction of $366,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bradley Lukow bought 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $19.80 per share, with a total value of $138,600.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Sprouts Farmers Market by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 10,568,169 shares of the company’s stock valued at $239,580,000 after purchasing an additional 104,072 shares during the last quarter. BlackRock Inc. raised its stake in Sprouts Farmers Market by 0.8% during the 2nd quarter. BlackRock Inc. now owns 10,286,759 shares of the company’s stock valued at $233,201,000 after purchasing an additional 81,799 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Sprouts Farmers Market by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,421,148 shares of the company’s stock valued at $77,557,000 after purchasing an additional 719,381 shares during the last quarter. Clearbridge Investments LLC raised its stake in Sprouts Farmers Market by 239,983.3% during the 1st quarter. Clearbridge Investments LLC now owns 2,744,152 shares of the company’s stock valued at $63,445,000 after purchasing an additional 2,743,009 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Sprouts Farmers Market by 79.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock valued at $58,344,000 after purchasing an additional 1,137,200 shares during the last quarter. Hedge funds and other institutional investors own 87.66% of the company’s stock.
About Sprouts Farmers Market
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.
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