Sprouts Farmers Market (NASDAQ:SFM) had its target price upped by Deutsche Bank from $24.00 to $27.00 in a report released on Friday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 5.84% from the company’s previous close.
SFM has been the topic of several other research reports. BidaskClub raised shares of Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $32.00 target price on shares of Sprouts Farmers Market in a report on Friday, February 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 target price on shares of Sprouts Farmers Market in a report on Wednesday, January 24th. Wolfe Research raised shares of Sprouts Farmers Market to an “outperform” rating in a report on Thursday, November 9th. Finally, Jefferies Group set a $26.00 target price on shares of Sprouts Farmers Market and gave the company a “hold” rating in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Sprouts Farmers Market currently has an average rating of “Buy” and a consensus price target of $26.50.
Shares of Sprouts Farmers Market (NASDAQ:SFM) traded down $0.61 during trading on Friday, reaching $25.51. 3,517,300 shares of the company’s stock traded hands, compared to its average volume of 2,020,925. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $28.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. The stock has a market cap of $3,475.80, a P/E ratio of 26.30, a P/E/G ratio of 1.84 and a beta of 0.80.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.13 EPS. Sprouts Farmers Market’s revenue for the quarter was up 16.0% on a year-over-year basis. sell-side analysts anticipate that Sprouts Farmers Market will post 1 earnings per share for the current year.
In other Sprouts Farmers Market news, Director Shon A. Boney sold 5,902 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $28.00, for a total transaction of $165,256.00. Following the completion of the transaction, the director now owns 7,272 shares in the company, valued at $203,616. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO James Leroy Nielsen sold 110,000 shares of Sprouts Farmers Market stock in a transaction dated Friday, December 1st. The stock was 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 disclosure for this sale can be found here. Insiders sold 1,651,481 shares of company stock valued at $42,706,303 in the last quarter. Company insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC raised its position in Sprouts Farmers Market by 1,093.0% during the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after acquiring an additional 4,864 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Sprouts Farmers Market during the fourth quarter worth about $168,000. Harvest Management LLC acquired a new position in Sprouts Farmers Market during the third quarter worth about $188,000. Cambridge Investment Research Advisors Inc. acquired a new position in Sprouts Farmers Market during the fourth quarter worth about $216,000. Finally, Sadoff Investment Management LLC acquired a new position in Sprouts Farmers Market during the third quarter worth about $223,000. Institutional investors own 91.18% 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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