BidaskClub upgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a strong sell rating to a sell rating in a report issued on Tuesday morning, BidAskClub reports.

SFM has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Sprouts Farmers Market from a hold rating to a sell rating and set a $20.00 price objective on the stock. in a report on Wednesday, October 23rd. Cfra lowered shares of Sprouts Farmers Market from a strong-buy rating to a buy rating in a research report on Thursday, October 31st. ValuEngine upgraded shares of Sprouts Farmers Market from a sell rating to a hold rating in a report on Wednesday, October 2nd. Northcoast Research raised shares of Sprouts Farmers Market from a neutral rating to a buy rating and set a $22.00 price objective for the company in a research report on Thursday, August 15th. Finally, Barclays reiterated a hold rating and issued a $19.00 price objective on shares of Sprouts Farmers Market in a research note on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $21.22.

Shares of Sprouts Farmers Market stock opened at $20.22 on Tuesday. Sprouts Farmers Market has a 52 week low of $16.46 and a 52 week high of $25.32. The company has a quick ratio of 0.27, a current ratio of 0.87 and a debt-to-equity ratio of 2.92. The business has a 50 day moving average price of $19.38 and a 200-day moving average price of $19.02. The company has a market cap of $2.34 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 2.78 and a beta of 0.35.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Sprouts Farmers Market had a return on equity of 25.50% and a net margin of 2.36%. Sprouts Farmers Market’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. As a group, research analysts anticipate that Sprouts Farmers Market will post 1.12 EPS for the current year.

In other news, insider David Mcglinchey sold 1,655 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.96, for a total transaction of $33,033.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Man Group plc lifted its holdings in Sprouts Farmers Market by 80.1% during the third quarter. Man Group plc now owns 903,876 shares of the company’s stock valued at $17,481,000 after purchasing an additional 402,052 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Sprouts Farmers Market by 134.5% during the third quarter. Squarepoint Ops LLC now owns 1,169,967 shares of the company’s stock worth $22,627,000 after acquiring an additional 671,132 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of Sprouts Farmers Market in the third quarter worth $304,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Sprouts Farmers Market by 3.3% in the third quarter. Public Employees Retirement System of Ohio now owns 48,204 shares of the company’s stock worth $932,000 after acquiring an additional 1,531 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of Sprouts Farmers Market by 146.2% in the third quarter. Point72 Asset Management L.P. now owns 488,984 shares of the company’s stock valued at $9,457,000 after purchasing an additional 290,396 shares in the last quarter. 91.41% of the stock is owned by institutional investors.

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, 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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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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