Sprouts Farmers Market Inc (SFM) Receives $24.64 Consensus Price Target from Analysts
Sprouts Farmers Market Inc (NASDAQ:SFM) has received an average recommendation of “Hold” from the twenty-five research firms that are currently covering the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $24.64.
SFM has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $29.00 price target (up from $28.00) on shares of Sprouts Farmers Market in a research report on Tuesday, February 7th. Zacks Investment Research cut Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Friday, January 6th. Barclays PLC reissued a “sell” rating and set a $24.00 price target on shares of Sprouts Farmers Market in a research report on Monday, March 20th. BMO Capital Markets cut Sprouts Farmers Market from an “outperform” rating to a “market perform” rating and increased their price target for the company from $21.83 to $24.00 in a research report on Tuesday, March 21st. Finally, OTR Global raised Sprouts Farmers Market to a “neutral” rating in a research report on Thursday, February 2nd.
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In other news, CEO Amin N. Maredia sold 10,043 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $23.01, for a total transaction of $231,089.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Douglas Sanders sold 45,000 shares of the stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $18.37, for a total value of $826,650.00. Following the transaction, the director now owns 77,810 shares in the company, valued at approximately $1,429,369.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,043 shares of company stock worth $3,613,739. 2.60% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in SFM. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Sprouts Farmers Market by 6.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,216 shares of the company’s stock worth $119,000 after buying an additional 390 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Sprouts Farmers Market by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,443 shares of the company’s stock worth $179,000 after buying an additional 363 shares during the period. Tower Research Capital LLC TRC raised its position in shares of 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. LS Investment Advisors LLC raised its position in shares of 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. Finally, Brown Advisory Inc. raised its position in shares of Sprouts Farmers Market by 13.5% in the fourth quarter. Brown Advisory Inc. now owns 11,350 shares of the company’s stock worth $215,000 after buying an additional 1,350 shares during the period. Institutional investors own 91.08% of the company’s stock.
Shares of Sprouts Farmers Market (NASDAQ:SFM) traded down 0.26% during midday trading on Tuesday, reaching $22.74. The company’s stock had a trading volume of 2,968,002 shares. Sprouts Farmers Market has a 12 month low of $17.38 and a 12 month high of $28.86. The stock has a 50-day moving average of $21.39 and a 200 day moving average of $20.55. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 27.40 and a beta of 0.58.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. Sprouts Farmers Market had a return on equity of 17.00% and a net margin of 3.40%. The firm earned $985.70 million during the quarter, compared to analysts’ expectations of $974.60 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Sprouts Farmers Market will post $0.89 earnings per share for the current fiscal year.
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.
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