Sprouts Farmers Market Inc (NASDAQ:SFM) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 12,067,700 shares, a drop of 10.4% from the July 31st total of 13,475,900 shares. Based on an average trading volume of 1,730,000 shares, the days-to-cover ratio is currently 7.0 days. Approximately 10.3% of the shares of the company are short sold.

SFM stock traded up $0.12 during trading on Friday, reaching $19.86. 196,645 shares of the company’s stock were exchanged, compared to its average volume of 1,323,380. The company has a quick ratio of 0.25, a current ratio of 0.85 and a debt-to-equity ratio of 3.02. Sprouts Farmers Market has a 1-year low of $16.46 and a 1-year high of $28.69. The company’s fifty day moving average price is $17.90 and its 200-day moving average price is $20.15. The firm has a market cap of $2.35 billion, a PE ratio of 15.39, a P/E/G ratio of 2.26 and a beta of 0.38.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Sprouts Farmers Market had a return on equity of 26.10% and a net margin of 2.61%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $0.32 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts expect that Sprouts Farmers Market will post 1.1 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. Bank of America reiterated an “underperform” rating and issued a $19.00 target price (down previously from $21.00) on shares of Sprouts Farmers Market in a research report on Wednesday, May 29th. Wells Fargo & Co reduced their price objective on Sprouts Farmers Market from $23.00 to $20.00 and set a “positive” rating for the company in a research report on Friday, June 21st. ValuEngine lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. BidaskClub upgraded Sprouts Farmers Market from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Finally, Oppenheimer lowered Sprouts Farmers Market from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $22.47.

A number of hedge funds have recently made changes to their positions in the business. Treasurer of the State of North Carolina boosted its position in Sprouts Farmers Market by 5.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 52,806 shares of the company’s stock worth $998,000 after acquiring an additional 2,930 shares during the period. Barings LLC acquired a new position in Sprouts Farmers Market during the 2nd quarter worth $597,000. Verition Fund Management LLC acquired a new position in Sprouts Farmers Market during the 2nd quarter worth $798,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Sprouts Farmers Market by 11.9% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,673 shares of the company’s stock worth $202,000 after acquiring an additional 1,135 shares during the period. Finally, Eaton Vance Management boosted its position in Sprouts Farmers Market by 4.1% during the 2nd quarter. Eaton Vance Management now owns 1,800,621 shares of the company’s stock worth $34,014,000 after acquiring an additional 71,217 shares during the period. Institutional investors own 94.18% of the company’s stock.

About Sprouts Farmers Market

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

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