Sprouts Farmers Market Inc (NASDAQ:SFM) was downgraded by equities researchers at BMO Capital Markets to a “hold” rating in a research report issued to clients and investors on Tuesday. They presently have a $24.00 price target on the stock. BMO Capital Markets’ price objective points to a potential upside of 9.99% from the company’s current price.
Several other equities analysts also recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of Sprouts Farmers Market in a research report on Monday. Barclays PLC reiterated a “sell” rating and issued a $24.00 price objective on shares of Sprouts Farmers Market in a research report on Monday. Royal Bank of Canada reiterated a “buy” rating on shares of Sprouts Farmers Market in a research report on Wednesday, March 15th. Wedbush reiterated an “outperform” rating and issued a $28.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, February 27th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, February 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $25.18.
Sprouts Farmers Market (NASDAQ:SFM) opened at 21.825 on Tuesday. The stock has a 50 day moving average price of $18.74 and a 200 day moving average price of $20.18. The company has a market cap of $2.98 billion, a PE ratio of 26.295 and a beta of 0.58. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $30.00.
Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, February 23rd. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.00. The business earned $985.70 million during the quarter, compared to the consensus estimate of $974.60 million. Sprouts Farmers Market had a return on equity of 17.00% and a net margin of 3.40%. Sprouts Farmers Market’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. Equities analysts forecast that Sprouts Farmers Market will post $0.88 earnings per share for the current year.
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In related news, Director James Douglas Sanders sold 45,000 shares of Sprouts Farmers Market stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $19.27, for a total transaction of $867,150.00. Following the completion of the sale, the director now directly owns 77,810 shares of the company’s stock, valued at $1,499,398.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 315,000 shares of company stock valued at $6,024,600. 2.60% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Carve CapitalAB bought a new stake in shares of Sprouts Farmers Market during the fourth quarter worth approximately $50,340,000. TimesSquare Capital Management LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter worth approximately $53,835,000. Norges Bank bought a new stake in shares of Sprouts Farmers Market during the fourth quarter worth approximately $18,761,000. ShearLink Capital LLC bought a new stake in shares of Sprouts Farmers Market during the fourth quarter worth approximately $18,630,000. Finally, Jennison Associates LLC boosted its stake in shares of Sprouts Farmers Market by 12.4% in the third quarter. Jennison Associates LLC now owns 7,773,899 shares of the company’s stock worth $160,531,000 after buying an additional 854,972 shares during the period. 91.08% of the stock is owned by institutional investors and hedge funds.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.
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