Sprouts Farmers Market, Inc. (SFM) Now Covered by Analysts at Stephens
Stephens initiated coverage on shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in a research note released on Friday morning, Marketbeat Ratings reports. The firm issued an equal weight rating and a $25.00 price target on the stock.
SFM has been the topic of a number of other research reports. TheStreet lowered shares of Sprouts Farmers Market from a b rating to a c+ rating in a research report on Friday, June 16th. Wells Fargo & Company reaffirmed an outperform rating on shares of Sprouts Farmers Market in a research report on Tuesday, June 27th. Royal Bank Of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the stock a buy rating in a research report on Friday, May 19th. Zacks Investment Research lowered shares of Sprouts Farmers Market from a hold rating to a sell rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $25.00 target price (down previously from $26.00) on shares of Sprouts Farmers Market in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $25.42.
Sprouts Farmers Market (SFM) opened at 24.24 on Friday. Sprouts Farmers Market has a 52-week low of $17.38 and a 52-week high of $25.98. The company has a market capitalization of $3.29 billion, a P/E ratio of 27.33 and a beta of 0.52. The stock has a 50 day moving average of $23.65 and a 200-day moving average of $22.16.
Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Sprouts Farmers Market’s revenue was up 14.8% compared to the same quarter last year. On average, equities analysts forecast that Sprouts Farmers Market will post $0.93 earnings per share for the current year.
In related news, COO James Leroy Nielsen sold 55,322 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $23.74, for a total transaction of $1,313,344.28. Following the transaction, the chief operating officer now owns 152,430 shares in the company, valued at approximately $3,618,688.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Dan J. Sanders sold 21,976 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $24.23, for a total transaction of $532,478.48. Following the transaction, the chief operating officer now owns 36,771 shares in the company, valued at approximately $890,961.33. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,746 shares of company stock worth $2,638,027. 2.60% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Sprouts Farmers Market during the fourth quarter worth about $404,000. Capstone Asset Management Co. increased its position in Sprouts Farmers Market by 13.3% in the first quarter. Capstone Asset Management Co. now owns 13,550 shares of the company’s stock worth $313,000 after buying an additional 1,590 shares during the last quarter. CWM LLC increased its position in Sprouts Farmers Market by 32,431.7% in the first quarter. CWM LLC now owns 97,595 shares of the company’s stock worth $2,256,000 after buying an additional 97,295 shares during the last quarter. Reliance Trust Co. of Delaware acquired a new position in Sprouts Farmers Market during the first quarter worth about $333,000. Finally, Rice Hall James & Associates LLC acquired a new position in Sprouts Farmers Market during the first quarter worth about $22,210,000. Institutional investors and hedge funds own 87.90% of the company’s stock.
About Sprouts Farmers Market
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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