Sprouts Farmers Market (NASDAQ:SFM) Stock Rating Upgraded by Wall Street Zen

Sprouts Farmers Market (NASDAQ:SFM) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

SFM has been the subject of a number of other research reports. JPMorgan Chase & Co. dropped their target price on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Monday, December 29th. Roth Mkm restated a “neutral” rating and set a $91.00 target price on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Bank of America reduced their target price on shares of Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 price target for the company. in a research report on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.69.

Sprouts Farmers Market Price Performance

Shares of SFM stock opened at $67.32 on Friday. Sprouts Farmers Market has a 1 year low of $66.17 and a 1 year high of $182.00. The company has a current ratio of 1.05, a quick ratio of 0.53 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $77.63 and its 200-day moving average is $104.73. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.66 and a beta of 0.75.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider John Scott Neal sold 17,471 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $85.20, for a total value of $1,488,529.20. Following the sale, the insider directly owned 14,178 shares in the company, valued at approximately $1,207,965.60. This trade represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Alisa Gmelich sold 3,161 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $79.39, for a total transaction of $250,951.79. Following the completion of the transaction, the chief marketing officer directly owned 5,552 shares of the company’s stock, valued at $440,773.28. This trade represents a 36.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

Large investors have recently modified their holdings of the business. Spirepoint Private Client LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $4,310,000. NewSquare Capital LLC lifted its holdings in Sprouts Farmers Market by 83,859.0% during the 2nd quarter. NewSquare Capital LLC now owns 32,744 shares of the company’s stock valued at $5,391,000 after purchasing an additional 32,705 shares during the last quarter. Barlow Wealth Partners Inc. bought a new position in Sprouts Farmers Market during the third quarter worth $16,724,000. Federated Hermes Inc. increased its holdings in shares of Sprouts Farmers Market by 89.8% in the third quarter. Federated Hermes Inc. now owns 928,668 shares of the company’s stock valued at $101,039,000 after purchasing an additional 439,425 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Sprouts Farmers Market by 115.4% in the third quarter. State of Alaska Department of Revenue now owns 36,486 shares of the company’s stock valued at $3,968,000 after purchasing an additional 19,549 shares during the period.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.