Sprouts Farmers Market (NASDAQ:SFM) Rating Increased to Buy at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Sprouts Farmers Market (NASDAQ:SFM – Free Report) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Other analysts have also issued research reports about the company. Evercore ISI lowered their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Roth Mkm lifted their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Jefferies Financial Group increased their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Finally, Bank of America upped their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $167.00.

View Our Latest Research Report on SFM

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $168.03 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a 52-week low of $64.02 and a 52-week high of $178.99. The company has a 50-day simple moving average of $149.83 and a 200-day simple moving average of $144.38. The company has a market capitalization of $16.50 billion, a PE ratio of 44.69, a P/E/G ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Equities research analysts predict that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 1,065 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $134.97, for a total value of $143,743.05. Following the transaction, the insider now directly owns 9,830 shares of the company’s stock, valued at approximately $1,326,755.10. This trade represents a 9.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Alisa Gmelich sold 445 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $61,151.90. Following the sale, the chief marketing officer now directly owns 4,436 shares of the company’s stock, valued at approximately $609,595.12. This trade represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,764 shares of company stock worth $13,562,649 in the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of Sprouts Farmers Market by 128.3% during the 3rd quarter. Barclays PLC now owns 199,035 shares of the company’s stock valued at $21,975,000 after acquiring an additional 111,838 shares in the last quarter. Rule One Partners LLC purchased a new position in Sprouts Farmers Market in the third quarter valued at about $14,022,000. World Investment Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the third quarter worth about $13,348,000. Sfmg LLC purchased a new stake in shares of Sprouts Farmers Market in the third quarter worth about $234,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Sprouts Farmers Market in the third quarter valued at about $155,000.

Sprouts Farmers Market Company Profile

(Get Free Report)

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.

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