Today The Sprouts Farmers Market, Inc. (SFM) Research Coverage Started at William Blair

Today The Sprouts Farmers Market, Inc. (SFM) Research Coverage Started at William Blair

William Blair initiated coverage on shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in a report released on Friday morning. The firm issued an outperform rating on the stock.

A number of other research analysts have also issued reports on SFM. Barclays PLC assumed coverage on shares of Sprouts Farmers Market in a report on Friday, September 23rd. They issued an overweight rating and a $24.00 price objective for the company. Jefferies Group LLC raised shares of Sprouts Farmers Market from a hold rating to a buy rating and set a $24.00 target price for the company in a research report on Friday, September 30th. RBC Capital Markets decreased their target price on shares of Sprouts Farmers Market from $31.00 to $29.00 and set an outperform rating for the company in a research report on Friday, November 4th. Royal Bank Of Canada reissued an outperform rating and set a $31.00 target price (up previously from $29.00) on shares of Sprouts Farmers Market in a research report on Friday, November 4th. Finally, Bank of America Corporation set a $28.00 target price on shares of Sprouts Farmers Market and gave the company a buy rating in a research report on Sunday, November 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $26.10.

Sprouts Farmers Market (NASDAQ:SFM) opened at 19.46 on Friday. The company’s 50-day moving average is $19.91 and its 200-day moving average is $21.32. Sprouts Farmers Market has a one year low of $18.70 and a one year high of $30.00. The firm has a market cap of $2.77 billion, a PE ratio of 21.89 and a beta of 0.58.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, November 3rd. The company reported $0.16 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 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%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. On average, analysts forecast that Sprouts Farmers Market will post $0.84 earnings per share for the current fiscal year.

In other news, Director James Douglas Sanders sold 45,000 shares of Sprouts Farmers Market stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $19.97, for a total transaction of $898,650.00. Following the sale, the director now directly owns 77,810 shares in the company, valued at approximately $1,553,865.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brandon F. Lombardi sold 22,959 shares of Sprouts Farmers Market stock in a transaction on Friday, November 11th. The stock was sold at an average price of $21.03, for a total value of $482,827.77. Following the sale, the insider now owns 30,118 shares in the company, valued at $633,381.54. The disclosure for this sale can be found here. Insiders have sold a total of 157,959 shares of company stock worth $3,124,778 over the last quarter. Company insiders own 2.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. TimesSquare Capital Management LLC purchased a new stake in shares of Sprouts Farmers Market during the third quarter worth about $53,835,000. Jennison Associates LLC boosted its stake in shares of Sprouts Farmers Market by 12.4% in the third quarter. Jennison Associates LLC now owns 7,773,899 shares of the company’s stock worth $160,531,000 after buying an additional 854,972 shares in the last quarter. PGGM Investments boosted its stake in shares of Sprouts Farmers Market by 271.0% in the second quarter. PGGM Investments now owns 1,094,227 shares of the company’s stock worth $25,058,000 after buying an additional 799,249 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Sprouts Farmers Market during the third quarter worth about $16,383,000. Finally, Eagle Asset Management Inc. boosted its stake in shares of Sprouts Farmers Market by 172.9% in the third quarter. Eagle Asset Management Inc. now owns 989,891 shares of the company’s stock worth $20,441,000 after buying an additional 627,183 shares in the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.

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