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

Shares of Sprouts Farmers Market Inc (NASDAQ:SFM) have received a consensus rating of “Hold” from the twenty-two analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $25.59.

SFM has been the topic of a number of research reports. Zacks Investment Research downgraded Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 26th. Northcoast Research downgraded Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. TheStreet downgraded Sprouts Farmers Market from a “b” rating to a “c+” rating in a research note on Tuesday, March 5th. Wolfe Research downgraded Sprouts Farmers Market to a “market perform” rating in a research note on Wednesday, March 27th. Finally, ValuEngine raised Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

Hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in shares of Sprouts Farmers Market during the 1st quarter valued at $1,195,000. Clearbridge Investments LLC boosted its holdings in Sprouts Farmers Market by 1.3% in the first quarter. Clearbridge Investments LLC now owns 3,674,551 shares of the company’s stock valued at $79,150,000 after purchasing an additional 47,837 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Sprouts Farmers Market by 2.0% in the first quarter. Nordea Investment Management AB now owns 170,284 shares of the company’s stock valued at $3,667,000 after purchasing an additional 3,295 shares during the last quarter. Lombard Odier Asset Management USA Corp boosted its holdings in Sprouts Farmers Market by 25.0% in the first quarter. Lombard Odier Asset Management USA Corp now owns 125,000 shares of the company’s stock valued at $2,693,000 after purchasing an additional 25,000 shares during the last quarter. Finally, FMR LLC boosted its holdings in Sprouts Farmers Market by 18.4% in the first quarter. FMR LLC now owns 1,549,395 shares of the company’s stock valued at $33,375,000 after purchasing an additional 240,447 shares during the last quarter. 98.57% of the stock is owned by institutional investors.

Shares of NASDAQ:SFM traded down $0.07 during midday trading on Wednesday, reaching $20.74. The company’s stock had a trading volume of 1,101,147 shares, compared to its average volume of 1,658,927. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.73 and a beta of 0.54. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.88 and a quick ratio of 0.20. Sprouts Farmers Market has a fifty-two week low of $19.72 and a fifty-two week high of $29.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $413.90 million for the quarter, compared to the consensus estimate of $1.41 billion. Sprouts Farmers Market had a return on equity of 26.41% and a net margin of 2.78%. The firm’s revenue was down 67.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS. Analysts anticipate that Sprouts Farmers Market will post 1.21 EPS for the current year.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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