Sprouts Farmers Market, Inc. (NASDAQ:SFM) Given Consensus Rating of “Hold” by Brokerages

Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Free Report) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $118.40.

A number of brokerages have issued reports on SFM. BMO Capital Markets increased their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Wells Fargo & Company increased their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Evercore ISI increased their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Bank of America raised their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th.

View Our Latest Research Report on SFM

Sprouts Farmers Market Stock Up 0.1 %

Shares of SFM opened at $146.42 on Friday. Sprouts Farmers Market has a 52 week low of $48.98 and a 52 week high of $155.64. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 42.32, a PEG ratio of 1.94 and a beta of 0.63. The stock’s 50-day moving average price is $141.51 and its 200-day moving average price is $118.30.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, sell-side analysts predict that Sprouts Farmers Market will post 3.68 EPS for the current year.

Insider Activity at Sprouts Farmers Market

In other news, Director Joe Fortunato sold 11,500 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the completion of the transaction, the director now directly owns 33,571 shares in the company, valued at $4,459,571.64. This trade represents a 25.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph L. Hurley sold 4,956 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the transaction, the insider now owns 11,184 shares of the company’s stock, valued at approximately $1,483,669.44. This represents a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,869 shares of company stock valued at $8,778,152. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Narus Financial Partners LLC boosted its holdings in Sprouts Farmers Market by 28.4% in the fourth quarter. Narus Financial Partners LLC now owns 3,791 shares of the company’s stock valued at $482,000 after purchasing an additional 838 shares during the period. Abel Hall LLC purchased a new position in Sprouts Farmers Market in the fourth quarter valued at $238,000. Hantz Financial Services Inc. purchased a new position in Sprouts Farmers Market in the fourth quarter valued at $7,343,000. Robeco Institutional Asset Management B.V. boosted its holdings in Sprouts Farmers Market by 18.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 263,344 shares of the company’s stock valued at $33,463,000 after purchasing an additional 41,703 shares during the period. Finally, R Squared Ltd purchased a new position in Sprouts Farmers Market in the fourth quarter valued at $400,000.

About Sprouts Farmers Market

(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.

Further Reading

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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