Sprouts Farmers Market (NASDAQ:SFM) has been given a $27.00 price target by stock analysts at Susquehanna Bancshares in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Susquehanna Bancshares’ price objective would indicate a potential upside of 23.29% from the stock’s previous close.
SFM has been the subject of a number of other research reports. Royal Bank of Canada reissued an “outperform” rating and set a $32.00 target price on shares of Sprouts Farmers Market in a research report on Thursday, February 15th. BidaskClub raised shares of Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. Zacks Investment Research raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, February 28th. Deutsche Bank increased their target price on shares of Sprouts Farmers Market from $24.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Finally, Loop Capital set a $24.00 target price on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Friday, May 4th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $26.39.
NASDAQ:SFM opened at $21.90 on Monday. Sprouts Farmers Market has a 52 week low of $17.55 and a 52 week high of $28.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.00 and a quick ratio of 0.24. The company has a market cap of $2.87 billion, a P/E ratio of 21.68, a PEG ratio of 1.37 and a beta of 0.88.
Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, May 3rd. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. Sprouts Farmers Market had a net margin of 3.71% and a return on equity of 24.93%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 13.8% compared to the same quarter last year. equities analysts anticipate that Sprouts Farmers Market will post 1.25 EPS for the current fiscal year.
Sprouts Farmers Market declared that its board has initiated a share buyback program on Thursday, February 22nd that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
In other news, CEO Amin N. Maredia sold 39,559 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $23.13, for a total value of $914,999.67. Following the sale, the chief executive officer now owns 332,759 shares in the company, valued at $7,696,715.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Theodore Edward Frumkin II sold 1,722 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $25.24, for a total transaction of $43,463.28. Following the completion of the sale, the insider now owns 37,125 shares in the company, valued at approximately $937,035. The disclosure for this sale can be found here. In the last ninety days, insiders sold 222,474 shares of company stock valued at $5,559,885. Corporate insiders own 1.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd increased its stake in shares of Sprouts Farmers Market by 996.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 5,973 shares of the company’s stock worth $140,000 after acquiring an additional 5,428 shares during the period. TLP Group LLC increased its stake in shares of Sprouts Farmers Market by 4,534.1% in the first quarter. TLP Group LLC now owns 6,395 shares of the company’s stock worth $150,000 after acquiring an additional 6,257 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter worth $168,000. Meeder Asset Management Inc. increased its stake in shares of Sprouts Farmers Market by 61.3% in the first quarter. Meeder Asset Management Inc. now owns 8,712 shares of the company’s stock worth $204,000 after acquiring an additional 3,310 shares during the period. Finally, Van Hulzen Asset Management LLC acquired a new stake in shares of Sprouts Farmers Market in the first quarter worth $210,000. Hedge funds and other institutional investors own 93.09% 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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