Sprouts Farmers Market Inc. (NASDAQ:SFM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group in a report released on Monday. They presently have a $23.00 target price on the stock, down from their prior target price of $24.00. Jefferies Group’s target price indicates a potential upside of 6.88% from the stock’s previous close.
A number of other equities analysts have also weighed in on SFM. Bank of America Corp. set a $28.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Sunday, November 6th. Royal Bank Of Canada restated an “outperform” rating and set a $33.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, August 2nd. Goldman Sachs Group Inc. restated a “buy” rating on shares of Sprouts Farmers Market in a research note on Tuesday, September 13th. Credit Suisse Group AG restated a “buy” rating and set a $28.00 price objective on shares of Sprouts Farmers Market in a research note on Monday, August 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Sprouts Farmers Market from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $26.50.
Sprouts Farmers Market (NASDAQ:SFM) traded down 0.42% during midday trading on Monday, hitting $21.52. The stock had a trading volume of 395,338 shares. Sprouts Farmers Market has a 52 week low of $18.70 and a 52 week high of $30.00. The company has a market capitalization of $3.06 billion, a PE ratio of 24.21 and a beta of 0.67. The company’s 50-day moving average price is $21.53 and its 200 day moving average price is $22.42.
Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, November 3rd. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Sprouts Farmers Market had a return on equity of 17.00% and a net margin of 3.40%. Sprouts Farmers Market’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. On average, analysts expect that Sprouts Farmers Market will post $0.84 EPS for the current year.
In related news, insider Brandon F. Lombardi sold 22,959 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $21.03, for a total value of $482,827.77. Following the completion of the sale, the insider now directly owns 30,118 shares of the company’s stock, valued at approximately $633,381.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bradley Lukow bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was purchased at an average cost of $20.05 per share, with a total value of $40,100.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Rail Splitter Capital Management LLC increased its position in Sprouts Farmers Market by 14.4% in the second quarter. Rail Splitter Capital Management LLC now owns 598,035 shares of the company’s stock worth $13,695,000 after buying an additional 75,300 shares during the period. Riverhead Capital Management LLC bought a new position in Sprouts Farmers Market during the first quarter worth about $683,000. Emerald Acquisition Ltd. bought a new position in Sprouts Farmers Market during the second quarter worth about $1,158,000. Prudential Financial Inc. bought a new position in Sprouts Farmers Market during the first quarter worth about $2,296,000. Finally, Pictet Asset Management Ltd. increased its position in Sprouts Farmers Market by 8.0% in the first quarter. Pictet Asset Management Ltd. now owns 48,990 shares of the company’s stock worth $1,395,000 after buying an additional 3,617 shares during the period. 93.04% of the stock is owned by institutional investors and hedge funds.
Sprouts Farmers Market Company Profile