Sprouts Farmers Market (SFM) Upgraded to B- at TheStreet

TheStreet upgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a c rating to a b- rating in a research report released on Monday morning.

SFM has been the subject of several other research reports. UBS set a $25.00 price objective on shares of Sprouts Farmers Market and gave the company a buy rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Sprouts Farmers Market from a hold rating to a buy rating and set a $21.00 price objective for the company in a research report on Wednesday, October 4th. SunTrust Banks restated a buy rating and set a $27.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, September 15th. William Blair restated a buy rating on shares of Sprouts Farmers Market in a research report on Friday, August 25th. Finally, Royal Bank Of Canada set a $28.00 price objective on shares of Sprouts Farmers Market and gave the company a buy rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $24.28.

Sprouts Farmers Market (SFM) traded down $0.30 during mid-day trading on Monday, hitting $23.72. 2,390,200 shares of the company were exchanged, compared to its average volume of 2,925,610. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $25.98. The firm has a market cap of $3,196.36, a PE ratio of 24.76, a PEG ratio of 2.14 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. Sprouts Farmers Market’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. analysts expect that Sprouts Farmers Market will post 0.99 earnings per share for the current fiscal year.

In other news, COO James Leroy Nielsen sold 110,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $23.17, for a total value of $2,548,700.00. Following the completion of the sale, the chief operating officer now directly owns 207,108 shares of the company’s stock, valued at $4,798,692.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $23.93, for a total transaction of $877,441.31. Following the completion of the sale, the insider now directly owns 58,912 shares of the company’s stock, valued at $1,409,764.16. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its position in Sprouts Farmers Market by 28.1% during the third quarter. GSA Capital Partners LLP now owns 20,847 shares of the company’s stock valued at $391,000 after acquiring an additional 4,579 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in Sprouts Farmers Market during the third quarter valued at approximately $374,000. California Public Employees Retirement System grew its holdings in Sprouts Farmers Market by 4.8% during the third quarter. California Public Employees Retirement System now owns 322,621 shares of the company’s stock valued at $6,056,000 after purchasing an additional 14,721 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Sprouts Farmers Market during the third quarter valued at approximately $520,000. Finally, Janus Henderson Group PLC grew its holdings in Sprouts Farmers Market by 543.2% during the third quarter. Janus Henderson Group PLC now owns 115,457 shares of the company’s stock valued at $2,167,000 after purchasing an additional 97,506 shares during the last quarter. 90.15% of the stock is owned by institutional investors and hedge funds.

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Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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