Somewhat Positive Press Coverage Somewhat Unlikely to Impact Sprouts Farmers Market (SFM) Stock Price
Press coverage about Sprouts Farmers Market (NASDAQ:SFM) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sprouts Farmers Market earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.5143988765599 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Investors watching Technical Indicators on Sprouts Farmers Market … – Wall Street Morning (wallstreetmorning.com)
- Sprouts Farmers Market, Inc. (NASDAQ:SFM) – An Eye on Stock Value – Nasdaq Journal (press release) (nasdaqjournal.com)
- Sprouts Farmers Market Flirts With Buy Point After Signaling Strong Earnings – Investor’s Business Daily (investors.com)
- Sprouts Farmers Market shares rise after preliminary earnings exceed expectations – MarketWatch (marketwatch.com)
- Oppenheimer Weighs in on Sprouts Farmers Market Inc’s FY2017 Earnings (SFM) (americanbankingnews.com)
Sprouts Farmers Market (NASDAQ:SFM) traded up $0.02 on Wednesday, reaching $24.41. The company had a trading volume of 1,870,000 shares, compared to its average volume of 2,060,000. Sprouts Farmers Market has a twelve month low of $17.38 and a twelve month high of $25.98. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. The company has a market cap of $3,250.00, a PE ratio of 25.16, a PEG ratio of 1.93 and a beta of 0.67.
Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. analysts predict that Sprouts Farmers Market will post 0.99 earnings per share for the current year.
SFM has been the topic of a number of analyst reports. BidaskClub upgraded Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Wolfe Research upgraded Sprouts Farmers Market to an “outperform” rating in a research note on Thursday, November 9th. Susquehanna Bancshares initiated coverage on Sprouts Farmers Market in a research note on Monday, October 16th. They set a “positive” rating and a $23.00 price objective on the stock. Loop Capital dropped their price objective on Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Finally, UBS Group set a $25.00 price objective on Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.28.
In other Sprouts Farmers Market news, insider Theodore Edward Frumkin II sold 36,667 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $23.93, for a total transaction of $877,441.31. Following the transaction, the insider now owns 58,912 shares in the company, valued at approximately $1,409,764.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shon A. Boney sold 848,409 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total value of $20,972,670.48. Following the transaction, the director now owns 478,965 shares in the company, valued at approximately $11,840,014.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,007,377 shares of company stock worth $24,698,095. 2.60% of the stock is owned by company insiders.
About Sprouts Farmers Market
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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