SFM has been the topic of several other research reports. Loop Capital cut their target price on shares of Sprouts Farmers Market from $25.00 to $24.00 and set a hold rating on the stock in a report on Friday, November 3rd. Stephens set a $27.00 target price on shares of Sprouts Farmers Market and gave the stock a hold rating in a report on Wednesday, January 17th. Zacks Investment Research upgraded shares of Sprouts Farmers Market from a hold rating to a buy rating and set a $23.00 target price on the stock in a report on Saturday, November 4th. BidaskClub upgraded shares of Sprouts Farmers Market from a buy rating to a strong-buy rating in a report on Thursday, January 25th. Finally, BMO Capital Markets raised their target price on shares of Sprouts Farmers Market from $20.00 to $22.00 and gave the stock a market perform rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $26.33.
Sprouts Farmers Market (NASDAQ SFM) opened at $26.20 on Monday. 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 fifty-two week low of $17.38 and a fifty-two week high of $28.29. The stock has a market cap of $3,490.00, a P/E ratio of 27.01, a PEG ratio of 1.90 and a beta of 0.80.
In other Sprouts Farmers Market news, CEO Amin N. Maredia sold 12,301 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $24.33, for a total transaction of $299,283.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO James Leroy Nielsen sold 110,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $23.17, for a total value of $2,548,700.00. Following the transaction, the chief operating officer now directly owns 207,108 shares of the company’s stock, valued at approximately $4,798,692.36. The disclosure for this sale can be found here. Insiders have sold 1,651,481 shares of company stock valued at $42,706,303 in the last three months. Insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC raised its position in shares of Sprouts Farmers Market by 1,093.0% in the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after purchasing an additional 4,864 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth about $224,000. State of Alaska Department of Revenue purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth about $233,000. Harvest Management LLC purchased a new position in shares of Sprouts Farmers Market in the 3rd quarter worth about $188,000. Finally, Suntrust Banks Inc. purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth about $245,000. 90.21% of the stock is owned by hedge funds and other institutional investors.
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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