Sprouts Farmers Market (NASDAQ:SFM) Stock Gets Price Target Reduction from Jefferies Financial Group

Sprouts Farmers Market (NASDAQ:SFM) had its price objective reduced by Jefferies Financial Group from $95.00 to $63.00 in a report issued on Monday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Wells Fargo & Company dropped their price target on shares of Sprouts Farmers Market from $100.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, October 29th. The Goldman Sachs Group reduced their price objective on shares of Sprouts Farmers Market from $94.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Zacks Research lowered shares of Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. decreased their price objective on shares of Sprouts Farmers Market from $90.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Sprouts Farmers Market from $84.00 to $77.00 and set a “hold” rating on the stock in a research report on Friday, September 25th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.77.

Sprouts Farmers Market Stock Up 3.6%

Sprouts Farmers Market stock opened at $54.40 on Monday. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.37 and a beta of 0.76. The firm’s fifty day moving average price is $67.86 and its two-hundred day moving average price is $75.88. Sprouts Farmers Market has a 1-year low of $47.35 and a 1-year high of $94.89. The company has a current ratio of 0.97, a quick ratio of 0.39 and a debt-to-equity ratio of 0.08.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 28th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.01). Sprouts Farmers Market had a return on equity of 33.83% and a net margin of 5.45%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that Sprouts Farmers Market will post 4.95 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joseph O’Leary sold 2,597 shares of Sprouts Farmers Market stock in a transaction on Friday, August 14th. The stock was sold at an average price of $82.57, for a total value of $214,434.29. Following the completion of the sale, the director owned 14,710 shares of the company’s stock, valued at approximately $1,214,604.70. This trade represents a 15.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock in a transaction on Monday, October 5th. The stock was sold at an average price of $64.48, for a total value of $695,610.24. Following the completion of the sale, the chief executive officer directly owned 269,980 shares of the company’s stock, valued at approximately $17,408,310.40. The trade was a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 35,253 shares of company stock worth $2,523,984. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

Several institutional investors have recently modified their holdings of the business. Signet Financial Management LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $2,938,000. Bank of America Corp DE bought a new position in Sprouts Farmers Market during the 2nd quarter valued at about $93,790,000. Reinhart Partners LLC. grew its holdings in Sprouts Farmers Market by 33.1% during the 3rd quarter. Reinhart Partners LLC. now owns 82,839 shares of the company’s stock valued at $5,496,000 after purchasing an additional 20,581 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in Sprouts Farmers Market in the 1st quarter worth about $3,738,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth about $131,310,000.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc (NASDAQ:SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Its stores offer a broad selection of fresh produce, meat and seafood, dairy products, bulk foods, vitamins and supplements, pantry staples, bakery items, deli products and prepared foods. The company emphasizes products that support healthy eating, including organic, plant-based and specialty-diet options.

Founded in 2002, Sprouts Farmers Market grew from its first store in Chandler, Arizona, into a national grocery chain.