Sprouts Farmers Market (NASDAQ:SFM) had its price target upped by Oppenheimer from $25.00 to $31.00 in a research note issued to investors on Friday, September 21st, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 14.94% from the stock’s previous close. Oppenheimer also issued estimates for Sprouts Farmers Market’s Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $1.25 EPS, FY2019 earnings at $1.35 EPS and FY2020 earnings at $1.52 EPS.
SFM has been the topic of several other reports. BidaskClub upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. Citigroup began coverage on Sprouts Farmers Market in a research note on Friday, July 6th. They set a “buy” rating on the stock. ValuEngine upgraded Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Monday, August 20th. UBS Group raised their price objective on Sprouts Farmers Market from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, September 10th. Finally, TheStreet upgraded Sprouts Farmers Market from a “c+” rating to a “b” rating in a research note on Monday, August 6th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.11.
Shares of SFM stock traded up $0.45 during mid-day trading on Friday, reaching $26.97. 1,510,846 shares of the company were exchanged, compared to its average volume of 1,800,275. Sprouts Farmers Market has a fifty-two week low of $17.55 and a fifty-two week high of $29.67. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $3.48 billion, a P/E ratio of 26.70, a PEG ratio of 1.75 and a beta of 0.82.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. Sprouts Farmers Market had a net margin of 3.62% and a return on equity of 25.56%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, research analysts predict that Sprouts Farmers Market will post 1.26 EPS for the current year.
In other Sprouts Farmers Market news, COO Dan J. Sanders sold 19,929 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $28.91, for a total value of $576,147.39. Following the sale, the chief operating officer now directly owns 610,846 shares in the company, valued at $17,659,557.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joe Fortunato sold 1,000 shares of the firm’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $27.52, for a total value of $27,520.00. Following the completion of the sale, the director now owns 21,707 shares in the company, valued at $597,376.64. The disclosure for this sale can be found here. Insiders sold 116,929 shares of company stock worth $3,137,967 over the last quarter. 1.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of SFM. Itau Unibanco Holding S.A. bought a new stake in shares of Sprouts Farmers Market during the second quarter valued at about $102,000. Point72 Asia Hong Kong Ltd raised its stake in shares of Sprouts Farmers Market by 996.0% during the first quarter. Point72 Asia Hong Kong Ltd now owns 5,973 shares of the company’s stock valued at $140,000 after purchasing an additional 5,428 shares in the last quarter. TLP Group LLC raised its stake in shares of Sprouts Farmers Market by 4,534.1% during the first quarter. TLP Group LLC now owns 6,395 shares of the company’s stock valued at $150,000 after purchasing an additional 6,257 shares in the last quarter. NumerixS Investment Technologies Inc raised its stake in shares of Sprouts Farmers Market by 407.1% during the second quarter. NumerixS Investment Technologies Inc now owns 7,100 shares of the company’s stock valued at $159,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Global X Management Co LLC raised its stake in shares of Sprouts Farmers Market by 64.3% during the second quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock valued at $197,000 after purchasing an additional 3,485 shares in the last quarter. Institutional investors own 95.32% of the company’s stock.
About Sprouts Farmers Market
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.
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