Sprouts Farmers Market (NASDAQ:SFM) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

SFM has been the topic of a number of other research reports. Zacks Investment Research downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Loop Capital set a $24.00 target price on Sprouts Farmers Market and gave the stock a “hold” rating in a report on Tuesday, July 17th. Jefferies Financial Group set a $26.00 target price on Sprouts Farmers Market and gave the stock a “hold” rating in a report on Friday, August 3rd. Oppenheimer increased their target price on Sprouts Farmers Market from $25.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, September 21st. Finally, UBS Group increased their target price on Sprouts Farmers Market from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.50.

SFM traded down $0.15 on Thursday, reaching $27.01. The company’s stock had a trading volume of 1,453,076 shares, compared to its average volume of 2,153,320. The company has a market capitalization of $3.40 billion, a P/E ratio of 21.30, a P/E/G ratio of 1.73 and a beta of 0.74. Sprouts Farmers Market has a 1 year low of $19.80 and a 1 year high of $29.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 1.15.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Sprouts Farmers Market had a return on equity of 25.85% and a net margin of 3.65%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business posted $0.23 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts forecast that Sprouts Farmers Market will post 1.28 earnings per share for the current fiscal year.

In related news, insider Brandon F. Lombardi sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $24.34, for a total value of $1,095,300.00. Following the sale, the insider now owns 88,581 shares of the company’s stock, valued at approximately $2,156,061.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brandon F. Lombardi sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $28.28, for a total value of $1,414,000.00. Following the completion of the sale, the insider now directly owns 93,581 shares in the company, valued at approximately $2,646,470.68. The disclosure for this sale can be found here. In the last three months, insiders sold 116,929 shares of company stock worth $3,137,967. Company insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rafferty Asset Management LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at approximately $288,000. American International Group Inc. increased its position in Sprouts Farmers Market by 4.7% in the 3rd quarter. American International Group Inc. now owns 259,178 shares of the company’s stock valued at $7,104,000 after acquiring an additional 11,536 shares during the period. BlackRock Inc. increased its position in Sprouts Farmers Market by 1.9% in the 3rd quarter. BlackRock Inc. now owns 11,178,725 shares of the company’s stock valued at $306,410,000 after acquiring an additional 205,107 shares during the period. Bank of New York Mellon Corp increased its position in Sprouts Farmers Market by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,405,430 shares of the company’s stock valued at $65,933,000 after acquiring an additional 10,271 shares during the period. Finally, EAM Investors LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at approximately $3,138,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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