Sprouts Farmers Market Inc. (NASDAQ:SFM) received a $28.00 price objective from investment analysts at Bank of America Corp. in a research report issued to clients and investors on Sunday. The firm currently has a “buy” rating on the stock. Bank of America Corp.’s price objective would indicate a potential upside of 30.11% from the stock’s current price.
Several other equities research analysts have also weighed in on the stock. Royal Bank Of Canada reiterated 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. reiterated 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 issued a $28.00 price target on shares of Sprouts Farmers Market in a research note on Monday, August 8th. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $21.00 price target (down previously from $28.00) on shares of Sprouts Farmers Market in a research note on Monday, August 8th. One 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. The company currently has an average rating of “Buy” and an average price target of $26.50.
Sprouts Farmers Market (NASDAQ:SFM) traded down 0.42% during trading on Friday, hitting $21.52. The company had a trading volume of 425,308 shares. Sprouts Farmers Market has a 12 month low of $18.70 and a 12 month high of $30.00. The company has a market cap of $3062.92 billion, a PE ratio of 24.18 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 issued its earnings results on Thursday, November 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The company earned $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 17.00%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. Equities analysts expect that Sprouts Farmers Market will post $0.84 earnings per share for the current year.
In other Sprouts Farmers Market news, CFO Bradley Lukow purchased 2,000 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were acquired at an average price of $20.05 per share, for a total transaction of $40,100.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brandon F. Lombardi sold 22,959 shares of the firm’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $21.03, for a total transaction of $482,827.77. Following the transaction, the insider now owns 30,118 shares in the company, valued at approximately $633,381.54. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates raised its position in Sprouts Farmers Market by 25.6% in the third quarter. Jennison Associates now owns 4,789,735 shares of the company’s stock worth $101,063,000 after buying an additional 975,468 shares during the last quarter. Manning & Napier Advisors raised its position in Sprouts Farmers Market by 101.6% in the fourth quarter. Manning & Napier Advisors now owns 1,451,590 shares of the company’s stock worth $38,597,000 after buying an additional 731,450 shares during the last quarter. AGF Investments Inc. raised its position in Sprouts Farmers Market by 22.9% in the fourth quarter. AGF Investments Inc. now owns 233,148 shares of the company’s stock worth $6,202,000 after buying an additional 43,454 shares during the last quarter. Tygh Capital Management Inc. purchased a new position in Sprouts Farmers Market during the fourth quarter worth about $1,813,000. Finally, Tributary Capital Management LLC raised its position in Sprouts Farmers Market by 134.3% in the fourth quarter. Tributary Capital Management LLC now owns 95,600 shares of the company’s stock worth $2,542,000 after buying an additional 54,800 shares during the last quarter. Institutional investors and hedge funds own 93.04% of the company’s stock.
Sprouts Farmers Market Company Profile