BidaskClub cut shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) from a buy rating to a hold rating in a research report released on Thursday morning.

SFM has been the topic of a number of other reports. TheStreet downgraded shares of Sprouts Farmers Market from a b rating to a c+ rating in a report on Friday, June 16th. Wells Fargo & Company restated an outperform rating on shares of Sprouts Farmers Market in a 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 report on Friday, May 19th. Zacks Investment Research downgraded shares of Sprouts Farmers Market from a hold rating to a sell rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a buy rating and set a $25.00 target price (down from $26.00) on shares of Sprouts Farmers Market in a report on Friday, June 23rd. One equities research 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 stock presently has an average rating of Hold and a consensus price target of $25.42.

Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at 21.84 on Thursday. The stock’s 50 day moving average is $23.91 and its 200 day moving average is $22.43. The stock has a market capitalization of $2.96 billion, a PE ratio of 24.62 and a beta of 0.52. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. Analysts anticipate that Sprouts Farmers Market will post $0.93 EPS for the current fiscal year.

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In related news, COO Dan J. Sanders sold 21,976 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $24.23, for a total transaction of $532,478.48. Following the completion of the sale, the chief operating officer now owns 36,771 shares of the company’s stock, valued at $890,961.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven H. Townsend sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $24.42, for a total transaction of $366,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 70,424 shares of company stock valued at $1,690,983. 2.60% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its stake in Sprouts Farmers Market by 1,093.0% in the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after buying an additional 4,864 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock valued at $126,000 after buying an additional 468 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Sprouts Farmers Market during the first quarter valued at $152,000. Asset Management One Co. Ltd. purchased a new stake in Sprouts Farmers Market during the first quarter valued at $161,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Sprouts Farmers Market by 2.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,355 shares of the company’s stock valued at $170,000 after buying an additional 200 shares in the last quarter. 87.90% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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