Sprouts Farmers Market Inc. (NASDAQ:SFM) has earned a consensus rating of “Buy” from the twenty-eight research firms that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $26.17.

SFM has been the subject of a number of research analyst reports. RBC Capital Markets reiterated an “outperform” rating and set a $33.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, August 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $33.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, August 2nd. Wedbush reiterated a “neutral” rating and set a $26.00 price objective (up from $24.00) on shares of Sprouts Farmers Market in a research report on Thursday, August 4th. Northcoast Research cut shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Monday, August 8th. Finally, Vetr cut shares of Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating and set a $24.20 price objective for the company. in a research report on Tuesday, September 6th.

In related news, insider Brandon F. Lombardi sold 22,959 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $21.03, for a total transaction of $482,827.77. Following the completion of the sale, the insider now owns 30,118 shares in the company, valued at $633,381.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bradley Lukow acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were bought at an average price of $19.45 per share, with a total value of $194,500.00. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of SFM. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sprouts Farmers Market by 8.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,655 shares of the company’s stock worth $158,000 after buying an additional 569 shares during the period. Independent Portfolio Consultants Inc. increased its stake in Sprouts Farmers Market by 76.8% in the third quarter. Independent Portfolio Consultants Inc. now owns 8,255 shares of the company’s stock worth $170,000 after buying an additional 3,585 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Sprouts Farmers Market by 13.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,088 shares of the company’s stock worth $185,000 after buying an additional 936 shares during the period. Tower Research Capital LLC TRC increased its stake in Sprouts Farmers Market by 9.5% in the third quarter. Tower Research Capital LLC TRC now owns 9,005 shares of the company’s stock worth $186,000 after buying an additional 779 shares during the period. Finally, LS Investment Advisors LLC increased its stake in Sprouts Farmers Market by 5.2% in the third quarter. LS Investment Advisors LLC now owns 9,037 shares of the company’s stock worth $187,000 after buying an additional 449 shares during the period. Institutional investors and hedge funds own 93.04% of the company’s stock.

Sprouts Farmers Market (NASDAQ:SFM) opened at 21.56 on Wednesday. Sprouts Farmers Market has a 52 week low of $18.70 and a 52 week high of $30.00. The company has a market capitalization of $3.07 billion, a PE ratio of 24.25 and a beta of 0.67. The firm has a 50-day moving average of $21.42 and a 200-day moving average of $22.60.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. Sprouts Farmers Market had a return on equity of 17.00% and a net margin of 3.40%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company posted $0.21 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Equities analysts expect that Sprouts Farmers Market will post $0.84 earnings per share for the current fiscal year.

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.

5 Day Chart for NASDAQ:SFM

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