Sprouts Farmers Market Inc. (SFM) Downgraded by Vetr Inc.
Sprouts Farmers Market Inc. (NASDAQ:SFM) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They presently have a $22.94 target price on the stock. Vetr‘s target price would suggest a potential upside of 11.90% from the company’s previous close.
Other analysts have also recently issued reports about the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $33.00 price target on shares of Sprouts Farmers Market in a research note on Tuesday, August 2nd. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Sprouts Farmers Market in a research note on Tuesday, September 13th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $28.00 price target on shares of Sprouts Farmers Market in a research note on Monday, August 8th. JPMorgan Chase & Co. lowered their price target on Sprouts Farmers Market from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $21.00 price target (down from $28.00) on shares of Sprouts Farmers Market in a research note on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. Sprouts Farmers Market presently has a consensus rating of “Buy” and a consensus target price of $27.60.
Sprouts Farmers Market (NASDAQ:SFM) traded up 2.04% during mid-day trading on Monday, hitting $20.50. 2,655,247 shares of the company traded hands. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 21.86 and a beta of 0.73. The company’s 50-day moving average price is $22.01 and its 200 day moving average price is $24.76. Sprouts Farmers Market has a one year low of $18.70 and a one year high of $30.00.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm earned $1,000 million during the quarter, compared to analysts’ expectations of $1.04 billion. Sprouts Farmers Market had a return on equity of 17.77% and a net margin of 3.72%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. On average, analysts anticipate that Sprouts Farmers Market will post $0.85 earnings per share for the current fiscal year.
In other Sprouts Farmers Market news, CFO Bradley Lukow purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were acquired at an average price of $19.45 per share, for a total transaction of $194,500.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in Sprouts Farmers Market during the fourth quarter valued at $22,579,000. PGGM Investments purchased a new position in Sprouts Farmers Market during the first quarter valued at $8,566,000. Texas Permanent School Fund purchased a new position in Sprouts Farmers Market during the first quarter valued at $3,218,000. Ramsey Quantitative Systems boosted its position in Sprouts Farmers Market by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 30,944 shares of the company’s stock valued at $899,000 after buying an additional 1,604 shares during the last quarter. Finally, CIBC World Markets Inc. purchased a new position in Sprouts Farmers Market during the first quarter valued at $529,000. Hedge funds and other institutional investors own 94.10% of the company’s stock.
About Sprouts Farmers Market
Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.
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