Sprouts Farmers Market (NASDAQ:SFM) Lowered to Hold Rating by Wall Street Zen

Sprouts Farmers Market (NASDAQ:SFM) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

A number of other equities analysts have also commented on SFM. Royal Bank Of Canada decreased their price objective on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a research note on Thursday. BMO Capital Markets set a $90.00 target price on shares of Sprouts Farmers Market in a research note on Thursday. Jefferies Financial Group raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, August 1st. JPMorgan Chase & Co. decreased their target price on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Evercore ISI decreased their target price on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, October 27th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Sprouts Farmers Market Trading Up 2.2%

Shares of NASDAQ:SFM opened at $78.96 on Monday. The firm’s 50 day moving average is $118.35 and its two-hundred day moving average is $146.40. Sprouts Farmers Market has a 52 week low of $75.75 and a 52 week high of $182.00. The firm has a market capitalization of $7.69 billion, a P/E ratio of 15.27, a PEG ratio of 1.18 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.23 billion. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. Analysts predict that Sprouts Farmers Market will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its Board of Directors has approved a stock repurchase program on Tuesday, August 19th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Sprouts Farmers Market

In other news, CTO James H. Bahrenburg sold 4,292 shares of Sprouts Farmers Market stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.06, for a total transaction of $588,261.52. Following the sale, the chief technology officer directly owned 9,167 shares in the company, valued at approximately $1,256,429.02. The trade was a 31.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $103.00, for a total transaction of $416,635.00. Following the sale, the chief executive officer owned 174,740 shares in the company, valued at approximately $17,998,220. This trade represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 34,384 shares of company stock worth $4,717,268. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors and hedge funds have recently modified their holdings of the business. Root Financial Partners LLC bought a new stake in Sprouts Farmers Market in the third quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. bought a new stake in Sprouts Farmers Market in the second quarter valued at approximately $29,000. Dogwood Wealth Management LLC bought a new stake in Sprouts Farmers Market in the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Sprouts Farmers Market in the third quarter valued at approximately $33,000. Finally, Truvestments Capital LLC bought a new stake in Sprouts Farmers Market in the first quarter valued at approximately $35,000.

About Sprouts Farmers Market

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.