Brokerages Set Sprouts Farmers Market Inc (SFM) Price Target at $24.28

Sprouts Farmers Market Inc (NASDAQ:SFM) has been given an average rating of “Buy” by the twenty-five analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $24.28.

Several research analysts have recently weighed in on SFM shares. SunTrust Banks restated a “buy” rating and issued a $27.00 target price on shares of Sprouts Farmers Market in a research note on Friday, September 15th. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research note on Monday, November 20th. Wolfe Research upgraded shares of Sprouts Farmers Market to an “outperform” rating in a research note on Thursday, November 9th. Goldman Sachs Group reiterated a “sell” rating and set a $18.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, November 14th. Finally, Zacks Investment Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th.

In other Sprouts Farmers Market news, COO James Leroy Nielsen sold 110,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $23.17, for a total transaction of $2,548,700.00. Following the transaction, the chief operating officer now owns 207,108 shares of the company’s stock, valued at approximately $4,798,692.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.93, for a total transaction of $877,441.31. Following the transaction, the insider now directly owns 58,912 shares in the company, valued at approximately $1,409,764.16. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Farr Miller & Washington LLC DC boosted its position in shares of Sprouts Farmers Market by 0.9% during the 2nd quarter. Farr Miller & Washington LLC DC now owns 1,283,474 shares of the company’s stock valued at $29,096,000 after purchasing an additional 11,722 shares in the last quarter. Northern Trust Corp boosted its position in shares of Sprouts Farmers Market by 1.2% during the 2nd quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock valued at $25,568,000 after purchasing an additional 13,641 shares in the last quarter. AGF Investments America Inc. boosted its position in shares of Sprouts Farmers Market by 23.2% during the 2nd quarter. AGF Investments America Inc. now owns 182,658 shares of the company’s stock valued at $4,141,000 after purchasing an additional 34,437 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Sprouts Farmers Market by 67.3% during the 2nd quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock valued at $3,086,000 after purchasing an additional 54,787 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at about $351,000. 89.68% of the stock is currently owned by hedge funds and other institutional investors.

Sprouts Farmers Market (SFM) traded down $0.10 during trading on Tuesday, hitting $24.35. 934,272 shares of the stock traded hands, compared to its average volume of 2,831,790. The firm has a market capitalization of $3,270.00, a price-to-earnings ratio of 25.10, a P/E/G ratio of 2.19 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. sell-side analysts forecast that Sprouts Farmers Market will post 0.99 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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