Sprouts Farmers Market (NASDAQ:SFM) Shares Pass Below 200 Day Moving Average of $0.00

Sprouts Farmers Market Inc (NASDAQ:SFM) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $18.21. Sprouts Farmers Market shares last traded at $18.21, with a volume of 25,719 shares changing hands.

A number of brokerages have weighed in on SFM. BidaskClub lowered shares of Wright Medical Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Deutsche Bank lowered shares of RIGHTMOVE PLC/ADR from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Sanford C. Bernstein raised shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and set a $23.00 price target on the stock in a research note on Monday, June 24th. ValuEngine raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Finally, Gordon Haskett raised shares of Darden Restaurants from an “underperform” rating to a “hold” rating in a research note on Thursday, March 21st. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.51.

The company has a market cap of $2.18 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 1.58 and a beta of 0.43. The firm’s fifty day simple moving average is $19.47. The company has a quick ratio of 0.20, a current ratio of 0.88 and a debt-to-equity ratio of 2.84.

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

Several institutional investors have recently made changes to their positions in SFM. Penn Davis Mcfarland Inc. bought a new stake in Sprouts Farmers Market during the second quarter worth about $8,889,000. Oregon Public Employees Retirement Fund lifted its position in Sprouts Farmers Market by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 51,248 shares of the company’s stock worth $968,000 after purchasing an additional 710 shares during the period. OLD National Bancorp IN lifted its position in Sprouts Farmers Market by 28.2% during the second quarter. OLD National Bancorp IN now owns 16,413 shares of the company’s stock worth $310,000 after purchasing an additional 3,607 shares during the period. 6 Meridian lifted its position in Sprouts Farmers Market by 3.7% during the second quarter. 6 Meridian now owns 20,009 shares of the company’s stock worth $378,000 after purchasing an additional 706 shares during the period. Finally, WINTON GROUP Ltd lifted its position in Sprouts Farmers Market by 11.4% during the second quarter. WINTON GROUP Ltd now owns 1,113,521 shares of the company’s stock worth $21,034,000 after purchasing an additional 113,669 shares during the period. 98.24% of the stock is owned by institutional investors.

About Sprouts Farmers Market (NASDAQ:SFM)

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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