Sprouts Farmers Market (NASDAQ:SFM) Upgraded at Zacks Research

Sprouts Farmers Market (NASDAQ:SFM) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Wall Street Zen cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Sunday, December 21st. Roth Capital reiterated a “neutral” rating and issued a $91.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Wells Fargo & Company reduced their price objective on shares of Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 target price on the stock. in a report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.57.

Sprouts Farmers Market Trading Up 1.1%

Shares of NASDAQ:SFM opened at $81.06 on Monday. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 0.80 and a beta of 0.73. Sprouts Farmers Market has a 12 month low of $74.38 and a 12 month high of $182.00. The company’s fifty day simple moving average is $80.75 and its 200 day simple moving average is $115.43. 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 (NASDAQ:SFM) last released its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.03% and a net margin of 5.93%.The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. 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. As a group, research analysts forecast that Sprouts Farmers Market will post 4.29 EPS for the current fiscal year.

Insider Activity

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 3,161 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $79.39, for a total value of $250,951.79. Following the transaction, the chief marketing officer directly owned 5,552 shares of the company’s stock, valued at $440,773.28. This represents a 36.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Scott Neal sold 17,471 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $85.20, for a total value of $1,488,529.20. Following the sale, the insider owned 14,178 shares of the company’s stock, valued at approximately $1,207,965.60. This represents a 55.20% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Sprouts Farmers Market by 137.0% in the second quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock valued at $425,582,000 after acquiring an additional 1,494,014 shares during the period. Voloridge Investment Management LLC raised its stake in Sprouts Farmers Market by 652.7% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,411,246 shares of the company’s stock worth $153,544,000 after purchasing an additional 1,223,753 shares in the last quarter. Norges Bank bought a new stake in Sprouts Farmers Market in the 2nd quarter valued at about $198,080,000. Two Sigma Investments LP grew its position in shares of Sprouts Farmers Market by 185.2% during the 3rd quarter. Two Sigma Investments LP now owns 1,300,786 shares of the company’s stock worth $141,526,000 after purchasing an additional 844,717 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Sprouts Farmers Market by 157.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,248,891 shares of the company’s stock worth $205,617,000 after purchasing an additional 763,422 shares in 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.