Other analysts also recently issued research reports about the company. Jefferies Group LLC set a $26.00 price objective on Sprouts Farmers Market and gave the stock a buy rating in a research note on Monday, May 1st. BMO Capital Markets downgraded Sprouts Farmers Market from an outperform rating to a market perform rating and raised their price objective for the stock from $21.83 to $24.00 in a research note on Tuesday, March 21st. Zacks Investment Research upgraded Sprouts Farmers Market from a hold rating to a buy rating and set a $25.00 target price for the company in a report on Thursday, April 27th. OTR Global upgraded Sprouts Farmers Market to a neutral rating in a report on Thursday, February 2nd. Finally, Royal Bank of Canada reiterated an outperform rating and set a $28.00 target price on shares of Sprouts Farmers Market in a report on Monday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $25.16.
Sprouts Farmers Market (NASDAQ:SFM) traded up 0.71% during mid-day trading on Thursday, reaching $24.07. The company’s stock had a trading volume of 2,457,873 shares. The firm has a 50 day moving average price of $23.07 and a 200-day moving average price of $20.81. The company has a market capitalization of $3.28 billion, a PE ratio of 29.00 and a beta of 0.58. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $25.60.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Sprouts Farmers Market had a return on equity of 17.00% and a net margin of 3.40%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. On average, equities analysts predict that Sprouts Farmers Market will post $0.91 EPS for the current fiscal year.
In related news, insider Brandon F. Lombardi sold 28,500 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $24.20, for a total value of $689,700.00. Following the transaction, the insider now owns 82,261 shares in the company, valued at $1,990,716.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Amin N. Maredia sold 10,043 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $23.01, for a total transaction of $231,089.43. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its stake in Sprouts Farmers Market by 2.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,355 shares of the company’s stock valued at $170,000 after buying an additional 200 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Sprouts Farmers Market by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,443 shares of the company’s stock worth $179,000 after buying an additional 363 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Sprouts Farmers Market by 6.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,216 shares of the company’s stock worth $119,000 after buying an additional 390 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Sprouts Farmers Market by 5.2% in the third quarter. LS Investment Advisors LLC now owns 9,037 shares of the company’s stock worth $187,000 after buying an additional 449 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after buying an additional 468 shares during the last quarter. 91.08% of the stock is owned by institutional investors.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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