Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives Consensus Rating of “Hold” from Brokerages

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has received a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $115.40.

Several equities analysts have recently weighed in on the stock. Roth Mkm increased their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Wells Fargo & Company lifted their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday. Evercore ISI boosted their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Melius Research initiated coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. Finally, Royal Bank of Canada started coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target for the company.

Sprouts Farmers Market Trading Up 1.4 %

NASDAQ:SFM opened at $130.21 on Friday. The company has a market cap of $13.02 billion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 2.73 and a beta of 0.54. The company has a current ratio of 1.13, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $110.21 and a two-hundred day simple moving average of $91.34. Sprouts Farmers Market has a 12 month low of $39.98 and a 12 month high of $135.10.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. Sprouts Farmers Market’s revenue was up 13.6% compared to the same quarter last year. Research analysts forecast that Sprouts Farmers Market will post 3.67 earnings per share for the current year.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the transaction, the chief executive officer now directly owns 233,860 shares in the company, valued at $22,338,307.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the sale, the chief executive officer now owns 233,860 shares in the company, valued at $22,338,307.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joel D. Anderson sold 20,851 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.16, for a total value of $2,005,032.16. Following the transaction, the director now owns 18,809 shares of the company’s stock, valued at approximately $1,808,673.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,543 shares of company stock worth $5,751,870 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

A number of large investors have recently added to or reduced their stakes in SFM. Crewe Advisors LLC grew its stake in shares of Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after buying an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new position in Sprouts Farmers Market in the third quarter worth about $38,000. Quarry LP increased its stake in Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares during the last quarter. Finally, Waldron Private Wealth LLC purchased a new stake in Sprouts Farmers Market during the third quarter valued at approximately $60,000.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.