A number of other equities analysts have also issued reports on the company. BMO Capital Markets set a $24.00 price target on Sprouts Farmers Market and gave the company a hold rating in a research note on Tuesday, August 29th. SunTrust Banks reaffirmed a buy rating and set a $27.00 price target on shares of Sprouts Farmers Market in a research note on Friday, September 15th. Wolfe Research upgraded Sprouts Farmers Market to an outperform rating in a research report on Thursday, November 9th. Goldman Sachs Group reiterated a sell rating and set a $18.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. Finally, Zacks Investment Research downgraded Sprouts Farmers Market from a hold rating to a sell rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $24.28.
Sprouts Farmers Market (SFM) opened at $23.79 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. The stock has a market capitalization of $3,159.10, a P/E ratio of 24.47, a P/E/G ratio of 2.11 and a beta of 0.67. Sprouts Farmers Market has a fifty-two week low of $17.38 and a fifty-two week high of $25.98.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS. analysts anticipate that Sprouts Farmers Market will post 0.99 earnings per share for the current fiscal year.
In other Sprouts Farmers Market news, insider Daniel Bruni purchased 15,000 shares of the stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $19.00 per share, with a total value of $285,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.93, for a total value of $877,441.31. Following the completion of the sale, the insider now directly owns 58,912 shares in the company, valued at $1,409,764.16. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Several large investors have recently modified their holdings of the company. Advisory Services Network LLC grew its position in Sprouts Farmers Market by 1,093.0% during the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after buying an additional 4,864 shares in the last quarter. Victory Capital Management Inc. grew its position in Sprouts Farmers Market by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after buying an additional 1,161 shares in the last quarter. Harvest Management LLC acquired a new stake in Sprouts Farmers Market during the third quarter worth about $188,000. Seven Eight Capital LP acquired a new stake in Sprouts Farmers Market during the second quarter worth about $193,000. Finally, World Asset Management Inc grew its position in Sprouts Farmers Market by 2.4% during the second quarter. World Asset Management Inc now owns 9,284 shares of the company’s stock worth $210,000 after buying an additional 221 shares in the last quarter. 90.15% of the stock is currently owned by institutional investors.
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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