Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Sprouts Farmers Market (SFM) Share Price
Media coverage about Sprouts Farmers Market (NASDAQ:SFM) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sprouts Farmers Market earned a news impact score of 0.09 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.209101132455 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Comparing Sprouts Farmers Market (SFM) & Its Rivals (americanbankingnews.com)
- Sprouts Farmers Market, Inc. (SFM) Downgraded by BidaskClub to Sell (americanbankingnews.com)
- Sprouts Farmers Market, Inc. (SFM) Insider Daniel Bruni Buys 15,000 Shares (americanbankingnews.com)
- Sprouts Farmers Market, Inc. (SFM) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Sprouts Farmers Market’s (SFM) “Buy” Rating Reiterated at SunTrust Banks, Inc. (americanbankingnews.com)
Several research firms have issued reports on SFM. BMO Capital Markets set a $24.00 target price on Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Saturday, June 10th. Morgan Stanley cut Sprouts Farmers Market from an “overweight” rating to an “equal” rating and raised their target price for the stock from $21.00 to $23.00 in a research note on Thursday, June 15th. Jefferies Group LLC set a $26.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Wednesday, June 14th. TheStreet raised Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $24.00 target price (up previously from $22.00) on shares of Sprouts Farmers Market in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $25.25.
Sprouts Farmers Market (SFM) opened at 18.83 on Friday. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 21.23 and a beta of 0.56. The company has a 50-day moving average price of $21.94 and a 200-day moving average price of $22.59. Sprouts Farmers Market has a 12-month low of $17.38 and a 12-month high of $25.98.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities research analysts forecast that Sprouts Farmers Market will post $0.93 earnings per share for the current year.
In related news, insider Brandon F. Lombardi sold 20,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $24.34, for a total value of $486,800.00. Following the completion of the sale, the insider now directly owns 73,761 shares in the company, valued at approximately $1,795,342.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Amin N. Maredia sold 13,448 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $22.71, for a total value of $305,404.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,448 shares of company stock valued at $1,158,504. 2.60% of the stock is owned by insiders.
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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.
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