Sprouts Farmers Market, Inc. (NASDAQ:SFM) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other equities analysts have also issued reports on SFM. Loop Capital lowered their target price on shares of Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating for the company in a report on Friday, November 3rd. The Goldman Sachs Group, Inc. reiterated a “sell” rating and set a $18.00 target price on shares of Sprouts Farmers Market in a report on Tuesday. Jefferies Group LLC reiterated a “hold” rating and set a $26.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, July 25th. Deutsche Bank AG reiterated a “hold” rating and set a $24.00 target price (up from $22.00) on shares of Sprouts Farmers Market in a report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Sprouts Farmers Market has an average rating of “Hold” and an average target price of $24.28.

Sprouts Farmers Market (NASDAQ SFM) traded up $0.15 during mid-day trading on Wednesday, hitting $20.37. 1,814,000 shares of the stock traded hands, compared to its average volume of 2,947,652. Sprouts Farmers Market has a 1 year low of $17.38 and a 1 year high of $25.98. The stock has a market capitalization of $2,790.00, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.80 and a beta of 0.54. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business earned $0.16 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. analysts forecast that Sprouts Farmers Market will post 0.99 earnings per share for the current year.

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In other news, CFO Bradley Lukow bought 7,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $19.80 per share, for a total transaction of $138,600.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel Bruni bought 15,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average price of $19.00 per share, for a total transaction of $285,000.00. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFM. Teachers Advisors LLC lifted its stake in shares of Sprouts Farmers Market by 1.3% during the 1st quarter. Teachers Advisors LLC now owns 217,337 shares of the company’s stock valued at $5,025,000 after buying an additional 2,767 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Sprouts Farmers Market by 9.4% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sprouts Farmers Market by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 828,926 shares of the company’s stock valued at $19,163,000 after buying an additional 44,083 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Sprouts Farmers Market by 1.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 67,834 shares of the company’s stock valued at $1,568,000 after buying an additional 783 shares in the last quarter. Finally, Capstone Asset Management Co. lifted its stake in shares of Sprouts Farmers Market by 0.9% during the 2nd quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock valued at $310,000 after buying an additional 120 shares in the last quarter. Institutional investors own 88.87% 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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