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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $51.14.

Several analysts have commented on SFM shares. Evercore ISI reduced their price objective on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Bank of America upgraded Sprouts Farmers Market from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th.

Sprouts Farmers Market Stock Up 0.1 %

SFM opened at $65.49 on Wednesday. The business has a 50 day moving average price of $61.40 and a two-hundred day moving average price of $51.46. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 0.12. The company has a market cap of $6.63 billion, a PE ratio of 26.09, a P/E/G ratio of 2.37 and a beta of 0.50. Sprouts Farmers Market has a 52 week low of $32.12 and a 52 week high of $66.18.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. As a group, research analysts anticipate that Sprouts Farmers Market will post 2.95 EPS for the current year.

Insiders Place Their Bets

In related news, Director Joe Fortunato sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.71, for a total value of $828,230.00. Following the sale, the director now owns 39,395 shares in the company, valued at approximately $2,509,855.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Brandon F. Lombardi sold 22,799 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $59.98, for a total value of $1,367,484.02. Following the sale, the insider now owns 8,328 shares in the company, valued at approximately $499,513.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joe Fortunato sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.71, for a total value of $828,230.00. Following the completion of the sale, the director now owns 39,395 shares in the company, valued at approximately $2,509,855.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 160,852 shares of company stock worth $10,032,745. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of large investors have recently bought and sold shares of SFM. International Assets Investment Management LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter valued at $124,000. Adviser Investments LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter valued at $257,000. Ronald Blue Trust Inc. grew its holdings in Sprouts Farmers Market by 80.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 831 shares of the company’s stock valued at $36,000 after buying an additional 370 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter valued at $3,315,000. Finally, Arkfeld Wealth Strategies L.L.C. grew its holdings in Sprouts Farmers Market by 29.3% during the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 10,004 shares of the company’s stock valued at $439,000 after buying an additional 2,266 shares during the last quarter.

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.