Sprouts Farmers Market (SFM) Getting Somewhat Favorable Media Coverage, Study Finds
Media headlines about Sprouts Farmers Market (NASDAQ:SFM) have trended somewhat positive on Friday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sprouts Farmers Market earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.6930001076774 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Stocks which investors can’t afford to let alone: Sprouts Farmers Market, Inc. (SFM), Invitation Homes Inc. (INVH) – Market Movers (financialqz.com)
- Will These Stocks Remain Hot? Palo Alto Networks, Inc. (PANW), Sprouts Farmers Market, Inc. (SFM) – Market Movers (financialqz.com)
- Confounding Stock- Sprouts Farmers Market, Inc. (NASDAQ:SFM) – The Stock Street (press release) (thestreetpoint.com)
- Sprouts Farmers Market (SFM) Upgraded to “B-” at TheStreet (americanbankingnews.com)
- Sprouts Farmers Market, Inc. (NASDAQ:SFM) – Important Factors to Analyse A Good Investment – Nasdaq Journal (press release) (nasdaqjournal.com)
Shares of Sprouts Farmers Market (NASDAQ SFM) remained flat at $$23.79 during mid-day trading on Friday. 2,589,218 shares of the company’s stock traded hands, compared to its average volume of 2,912,330. Sprouts Farmers Market has a 12-month low of $17.38 and a 12-month high of $25.98. The firm has a market cap of $3,170.00, a PE ratio of 24.47, a PEG ratio of 2.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23.
Several equities research analysts recently weighed in on the company. Royal Bank Of Canada set a $28.00 price target on Sprouts Farmers Market and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. BMO Capital Markets increased their price target on Sprouts Farmers Market from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd. Goldman Sachs Group reaffirmed a “sell” rating and set a $18.00 price target on shares of Sprouts Farmers Market in a report on Tuesday, November 14th. Finally, William Blair reaffirmed a “buy” rating on shares of Sprouts Farmers Market in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Sprouts Farmers Market has a consensus rating of “Hold” and an average price target of $24.28.
In related news, insider Theodore Edward Frumkin II sold 36,667 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $23.93, for a total transaction of $877,441.31. Following the sale, the insider now owns 58,912 shares of the company’s stock, valued at $1,409,764.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO James Leroy Nielsen sold 110,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $23.17, for a total value of $2,548,700.00. Following the sale, the chief operating officer now directly owns 207,108 shares in the company, valued at approximately $4,798,692.36. The disclosure for this sale can be found here. 2.60% of the stock is owned by company 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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