Sprouts Farmers Market (NASDAQ:SFM) has been assigned a $26.00 price target by equities researchers at Credit Suisse Group in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 7.66% from the company’s previous close.

A number of other research analysts also recently issued reports on SFM. ValuEngine downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st. Zacks Investment Research reiterated a “hold” rating on shares of Sprouts Farmers Market in a research report on Thursday, November 15th. Loop Capital set a $29.00 price objective on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Friday, November 30th. BidaskClub upgraded shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Finally, Citigroup lifted their price objective on shares of Sprouts Farmers Market from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $27.42.

Sprouts Farmers Market stock opened at $24.15 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 1.15. Sprouts Farmers Market has a 1 year low of $20.63 and a 1 year high of $29.67. The stock has a market capitalization of $3.08 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 1.57 and a beta of 0.79.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Sprouts Farmers Market had a net margin of 3.65% and a return on equity of 25.85%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, research analysts expect that Sprouts Farmers Market will post 1.28 earnings per share for the current year.

In other Sprouts Farmers Market news, insider Theodore Edward Frumkin II sold 53,333 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $27.52, for a total transaction of $1,467,724.16. Following the sale, the insider now directly owns 58,265 shares in the company, valued at approximately $1,603,452.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven H. Townsend purchased 2,000 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were bought at an average price of $24.31 per share, for a total transaction of $48,620.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 105,500 shares of company stock worth $2,415,475 and have sold 289,475 shares worth $8,032,053. 1.80% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Clearbridge Investments LLC raised its position in shares of Sprouts Farmers Market by 39.0% during the 3rd quarter. Clearbridge Investments LLC now owns 3,817,241 shares of the company’s stock worth $104,631,000 after buying an additional 1,070,177 shares in the last quarter. Legal & General Group Plc raised its position in shares of Sprouts Farmers Market by 3.2% during the 3rd quarter. Legal & General Group Plc now owns 177,629 shares of the company’s stock worth $4,869,000 after buying an additional 5,465 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of Sprouts Farmers Market by 2,641.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 47,611 shares of the company’s stock worth $1,737,000 after buying an additional 45,874 shares in the last quarter. Csenge Advisory Group bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth about $195,000. Finally, Verition Fund Management LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth about $1,973,000. Institutional investors own 91.52% of the company’s stock.

Sprouts Farmers Market Company Profile

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

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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