Sprouts Farmers Market, Inc. (NASDAQ:SFM) had its price target raised by BMO Capital Markets from $20.00 to $22.00 in a report issued on Friday. They currently have a market perform rating on the stock.

Several other research firms have also recently commented on SFM. Jefferies Group LLC cut shares of Sprouts Farmers Market from a buy rating to a hold rating and set a $26.00 price objective on the stock. in a research report on Thursday, July 27th. TheStreet raised shares of Sprouts Farmers Market from a c+ rating to a b- rating in a research report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a hold rating and issued a $24.00 price objective (up from $22.00) on shares of Sprouts Farmers Market in a research report on Wednesday, August 9th. Royal Bank Of Canada set a $28.00 price objective on shares of Sprouts Farmers Market and gave the company a buy rating in a research report on Monday, July 31st. Finally, Stephens began coverage on shares of Sprouts Farmers Market in a research report on Friday, August 11th. They issued an equal weight rating and a $25.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Sprouts Farmers Market currently has an average rating of Hold and a consensus price target of $24.44.

Sprouts Farmers Market (NASDAQ:SFM) opened at $20.77 on Friday. Sprouts Farmers Market has a fifty-two week low of $17.38 and a fifty-two week high of $25.98. The stock has a market cap of $2,710.65, a price-to-earnings ratio of 21.00, a PEG ratio of 1.78 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. sell-side analysts expect that Sprouts Farmers Market will post 0.96 earnings per share for the current fiscal year.

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In related news, Director Steven H. Townsend sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $24.42, for a total value of $366,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Bradley Lukow purchased 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average price of $19.80 per share, for a total transaction of $138,600.00. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC grew its stake in Sprouts Farmers Market by 1,093.0% in the 2nd 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 during the last quarter. PNC Financial Services Group Inc. grew its stake in Sprouts Farmers Market by 9.4% in the 1st 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 during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Sprouts Farmers Market by 2.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock valued at $171,000 after buying an additional 170 shares during the last quarter. Victory Capital Management Inc. grew its stake in Sprouts Farmers Market by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock valued at $175,000 after buying an additional 1,161 shares during the last quarter. Finally, First Quadrant L P CA grew its stake in Sprouts Farmers Market by 16.3% in the 2nd quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock valued at $179,000 after buying an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 87.19% 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.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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