BidaskClub Upgrades Sprouts Farmers Market (SFM) to Buy

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BidaskClub upgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a hold rating to a buy rating in a report issued on Wednesday.

A number of other equities analysts have also weighed in on SFM. Susquehanna Bancshares set a $27.00 target price on Sprouts Farmers Market and gave the stock a buy rating in a research report on Monday, May 21st. TheStreet lowered Sprouts Farmers Market from a b- rating to a c+ rating in a research report on Thursday, May 31st. ValuEngine raised Sprouts Farmers Market from a sell rating to a hold rating in a research report on Thursday, June 21st. Citigroup started coverage on Sprouts Farmers Market in a research report on Friday, July 6th. They issued a buy rating for the company. Finally, Loop Capital set a $24.00 target price on Sprouts Farmers Market and gave the stock a hold rating in a research report on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $26.75.

SFM opened at $28.22 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 1.04 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $3.59 billion, a PE ratio of 27.94, a P/E/G ratio of 1.80 and a beta of 0.91. Sprouts Farmers Market has a 1 year low of $17.55 and a 1 year high of $29.67.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. Sprouts Farmers Market had a return on equity of 25.56% and a net margin of 3.62%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm earned $0.29 EPS. Sprouts Farmers Market’s quarterly revenue was up 11.6% compared to the same quarter last year. sell-side analysts forecast that Sprouts Farmers Market will post 1.26 earnings per share for the current fiscal year.

In other Sprouts Farmers Market news, COO Dan J. Sanders sold 19,929 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $28.91, for a total transaction of $576,147.39. Following the completion of the sale, the chief operating officer now directly owns 610,846 shares in the company, valued at approximately $17,659,557.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO James Leroy Nielsen sold 1,165 shares of the business’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $22.03, for a total value of $25,664.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,397 shares of company stock valued at $3,407,147. Corporate insiders own 1.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. WINTON GROUP Ltd bought a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at approximately $4,243,000. Global X Management Co LLC grew its stake in shares of Sprouts Farmers Market by 64.3% during the 2nd quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock valued at $197,000 after acquiring an additional 3,485 shares during the period. Jane Street Group LLC bought a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at approximately $847,000. Putnam Investments LLC grew its stake in shares of Sprouts Farmers Market by 10.8% during the 2nd quarter. Putnam Investments LLC now owns 142,741 shares of the company’s stock valued at $3,150,000 after acquiring an additional 13,900 shares during the period. Finally, Waddell & Reed Financial Inc. grew its stake in shares of Sprouts Farmers Market by 13.8% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 5,722,550 shares of the company’s stock valued at $126,296,000 after acquiring an additional 694,448 shares during the period. Institutional investors and hedge funds own 95.34% 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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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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