BidaskClub cut shares of Sprouts Farmers Market (NASDAQ:SFM) from a strong-buy rating to a buy rating in a report released on Saturday.
SFM has been the topic of a number of other reports. SunTrust Banks reissued a buy rating and issued a $27.00 target price on shares of Sprouts Farmers Market in a research note on Friday, September 15th. Jefferies Group cut their target price on Sprouts Farmers Market from $26.00 to $19.00 and set a hold rating on the stock in a research note on Monday, October 30th. Loop Capital cut their target price on Sprouts Farmers Market from $25.00 to $24.00 and set a hold rating on the stock in a research note on Friday, November 3rd. Zacks Investment Research cut Sprouts Farmers Market from a buy rating to a hold rating in a research note on Thursday, October 5th. Finally, BMO Capital Markets increased their target price on Sprouts Farmers Market from $20.00 to $22.00 and gave the stock a market perform rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $24.28.
Sprouts Farmers Market (SFM) traded up $0.06 on Friday, reaching $24.29. The company’s stock had a trading volume of 2,954,897 shares, compared to its average volume of 1,548,685. Sprouts Farmers Market has a twelve month low of $17.38 and a twelve month high of $25.98. The company has a market capitalization of $3,232.29, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00.
Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. sell-side analysts predict that Sprouts Farmers Market will post 0.99 EPS for the current fiscal year.
In other Sprouts Farmers Market news, COO James Leroy Nielsen sold 110,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was 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 $4,798,692.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shon A. Boney sold 848,409 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total value of $20,972,670.48. Following the completion of the transaction, the director now directly owns 478,965 shares in the company, valued at $11,840,014.80. The disclosure for this sale can be found here. Insiders have sold 1,007,377 shares of company stock worth $24,698,095 over the last ninety days. 2.60% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in SFM. Old Mutual Global Investors UK Ltd. purchased a new position in Sprouts Farmers Market in the third quarter worth about $40,505,000. PointState Capital LP purchased a new position in Sprouts Farmers Market in the second quarter worth about $32,954,000. Renaissance Technologies LLC boosted its position in Sprouts Farmers Market by 79.2% in the second quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock worth $58,344,000 after purchasing an additional 1,137,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Sprouts Farmers Market by 49.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock worth $37,717,000 after purchasing an additional 665,598 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Sprouts Farmers Market by 171.1% in the third quarter. Wells Fargo & Company MN now owns 677,408 shares of the company’s stock worth $12,715,000 after purchasing an additional 427,528 shares during the last quarter. 89.68% of the stock is currently owned by institutional investors and hedge funds.
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Sprouts Farmers Market Company Profile
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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