Sprouts Farmers Market, Inc. (NASDAQ:SFM) Given Consensus Recommendation of “Hold” by Analysts

Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Free Report) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $57.25.

Several research analysts have recently weighed in on SFM shares. Oppenheimer reissued a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday, April 29th. Evercore ISI raised their price target on shares of Sprouts Farmers Market from $68.00 to $70.00 and gave the stock an “in-line” rating in a report on Tuesday, May 14th. BMO Capital Markets raised their price target on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th.

View Our Latest Report on Sprouts Farmers Market

Insider Buying and Selling at Sprouts Farmers Market

In related news, CMO Alisa Gmelich sold 479 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $62.47, for a total transaction of $29,923.13. Following the transaction, the chief marketing officer now owns 2,987 shares in the company, valued at approximately $186,597.89. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 14,184 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $62.38, for a total transaction of $884,797.92. Following the transaction, the insider now directly owns 10,045 shares in the company, valued at approximately $626,607.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Alisa Gmelich sold 479 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $62.47, for a total transaction of $29,923.13. Following the transaction, the chief marketing officer now owns 2,987 shares in the company, valued at $186,597.89. The disclosure for this sale can be found here. Insiders have sold 172,129 shares of company stock valued at $11,443,800 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Sprouts Farmers Market

Institutional investors and hedge funds have recently modified their holdings of the stock. VisionPoint Advisory Group LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $25,000. Rise Advisors LLC bought a new position in shares of Sprouts Farmers Market in the first quarter valued at $26,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Sprouts Farmers Market in the first quarter valued at $36,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at $38,000. Finally, GAMMA Investing LLC bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at $43,000.

Sprouts Farmers Market Stock Up 0.5 %

Sprouts Farmers Market stock opened at $78.74 on Thursday. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 3.01 and a beta of 0.51. The company has a current ratio of 1.19, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $70.64 and its two-hundred day moving average price is $58.61. Sprouts Farmers Market has a 52 week low of $32.17 and a 52 week high of $82.96.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.00 by $0.12. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. Sprouts Farmers Market’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. On average, analysts expect that Sprouts Farmers Market will post 3.11 EPS for the current fiscal year.

Sprouts Farmers Market Company Profile

(Get Free Report

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.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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