Buckingham Research assumed coverage on shares of Sprouts Farmers Market (NASDAQ:SFM) in a research report sent to investors on Thursday morning, MarketBeat reports. The firm issued a neutral rating and a $23.75 price target on the stock.
Several other analysts also recently weighed in on the company. BidaskClub raised Sprouts Farmers Market from a hold rating to a buy rating in a report on Wednesday, November 21st. Zacks Investment Research reiterated a hold rating on shares of Sprouts Farmers Market in a research report on Thursday, November 15th. Loop Capital set a $29.00 price target on Sprouts Farmers Market and gave the stock a hold rating in a report on Monday, November 5th. Credit Suisse Group set a $26.00 price target on Sprouts Farmers Market and gave the stock a hold rating in a report on Friday, November 2nd. Finally, Morgan Stanley set a $26.00 target price on Sprouts Farmers Market and gave the company a hold rating in a report on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $26.99.
Shares of NASDAQ SFM opened at $23.52 on Thursday. Sprouts Farmers Market has a twelve month low of $20.63 and a twelve month high of $29.67. The company has a quick ratio of 0.30, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $3.00 billion, a PE ratio of 23.29, a PEG ratio of 1.46 and a beta of 0.56.
In related news, CEO Amin N. Maredia sold 165,213 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $27.52, for a total value of $4,546,661.76. Following the completion of the transaction, the chief executive officer now owns 257,998 shares of the company’s stock, valued at $7,100,104.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Bradley Lukow purchased 10,000 shares of the business’s stock in a transaction on Friday, November 30th. The stock was purchased at an average price of $23.09 per share, with a total value of $230,900.00. The disclosure for this purchase can be found here. Insiders purchased 109,500 shares of company stock worth $2,512,275 over the last 90 days. 1.80% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SFM. New York State Teachers Retirement System grew its holdings in shares of Sprouts Farmers Market by 1.2% during the 4th quarter. New York State Teachers Retirement System now owns 77,808 shares of the company’s stock valued at $1,829,000 after purchasing an additional 900 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Sprouts Farmers Market by 143.0% during the 4th quarter. Acadian Asset Management LLC now owns 2,211 shares of the company’s stock valued at $52,000 after acquiring an additional 1,301 shares during the period. Arizona State Retirement System lifted its position in shares of Sprouts Farmers Market by 1.5% during the 4th quarter. Arizona State Retirement System now owns 91,586 shares of the company’s stock valued at $2,153,000 after acquiring an additional 1,348 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $37,000. Finally, Oregon Public Employees Retirement Fund increased its stake in Sprouts Farmers Market by 4.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 50,538 shares of the company’s stock valued at $1,188,000 after purchasing an additional 2,167 shares in the last quarter. Institutional investors own 94.04% of the company’s stock.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.
See Also: What is the Bid-Ask Spread?
Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.