Sprouts Farmers Market (NASDAQ:SFM) Downgraded to Hold Rating by Deutsche Bank Aktiengesellschaft

Sprouts Farmers Market (NASDAQ:SFM) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, MarketBeat reports. They presently have a $88.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 17.62% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. Zacks Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. BMO Capital Markets set a $90.00 target price on Sprouts Farmers Market in a report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price target on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Finally, Roth Capital reaffirmed a “neutral” rating and set a $91.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $130.57.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $74.82 on Thursday. The firm has a market capitalization of $7.28 billion, a P/E ratio of 14.45, a PEG ratio of 0.84 and a beta of 0.73. The company has a 50 day moving average price of $80.91 and a 200 day moving average price of $118.20. The company has a quick ratio of 0.53, a current ratio of 1.05 and a debt-to-equity ratio of 0.04. Sprouts Farmers Market has a 52 week low of $74.68 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a return on equity of 38.03% and a net margin of 5.93%.The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The business’s revenue was up 13.1% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS and its Q4 2025 guidance at 0.860-0.900 EPS. Sell-side analysts expect that Sprouts Farmers Market will post 4.29 EPS for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 868 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $108.50, for a total transaction of $94,178.00. Following the completion of the sale, the insider directly owned 15,481 shares in the company, valued at approximately $1,679,688.50. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Scott Neal sold 17,471 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $85.20, for a total transaction of $1,488,529.20. Following the completion of the transaction, the insider owned 14,178 shares in the company, valued at $1,207,965.60. The trade was a 55.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,500 shares of company stock worth $1,833,659 in the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Sprouts Farmers Market

Several institutional investors have recently made changes to their positions in SFM. Root Financial Partners LLC purchased a new position in Sprouts Farmers Market in the third quarter worth approximately $26,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $29,000. Smartleaf Asset Management LLC grew its holdings in shares of Sprouts Farmers Market by 98.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 141 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Sprouts Farmers Market during the 3rd quarter worth $33,000. Finally, FWL Investment Management LLC increased its position in shares of Sprouts Farmers Market by 72.5% during the 3rd quarter. FWL Investment Management LLC now owns 426 shares of the company’s stock worth $46,000 after purchasing an additional 179 shares during the last quarter.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.