Jefferies Group LLC restated their hold rating on shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in a research note released on Tuesday morning, Marketbeat reports. Jefferies Group LLC currently has a $26.00 price objective on the stock.

Other research analysts have also issued reports about the stock. Gordon Haskett initiated coverage on shares of Sprouts Farmers Market in a report on Tuesday, May 9th. They issued an accumulate rating and a $27.00 price objective for the company. TheStreet upgraded shares of Sprouts Farmers Market from a c+ rating to a b- rating in a report on Friday, May 5th. Wells Fargo & Company restated a buy rating on shares of Sprouts Farmers Market in a report on Friday, April 28th. Zacks Investment Research upgraded shares of Sprouts Farmers Market from a hold rating to a buy rating and set a $25.00 price objective for the company in a report on Thursday, April 27th. Finally, Bank of America Corporation restated a buy rating and issued a $27.00 price objective (up from $26.00) on shares of Sprouts Farmers Market in a report on Monday, May 15th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $24.95.

Sprouts Farmers Market (NASDAQ:SFM) traded down 1.36% during midday trading on Tuesday, reaching $23.93. 4,211,528 shares of the company’s stock were exchanged. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 28.12 and a beta of 0.51. Sprouts Farmers Market has a 12-month low of $17.38 and a 12-month high of $25.98. The firm has a 50-day moving average price of $23.26 and a 200 day moving average price of $21.78.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.04. Sprouts Farmers Market had a net margin of 2.97% and a return on equity of 17.33%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.30 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. On average, analysts expect that Sprouts Farmers Market will post $0.91 EPS for the current fiscal year.

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In related news, COO James Leroy Nielsen sold 55,322 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $23.74, for a total transaction of $1,313,344.28. Following the sale, the chief operating officer now directly owns 152,430 shares of the company’s stock, valued at approximately $3,618,688.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amin N. Maredia sold 13,448 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $22.71, for a total transaction of $305,404.08. The disclosure for this sale can be found here. Insiders have sold a total of 119,246 shares of company stock worth $2,840,927 over the last three months. 2.60% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in shares of Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after buying an additional 468 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Sprouts Farmers Market by 6.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,216 shares of the company’s stock worth $119,000 after buying an additional 390 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Sprouts Farmers Market during the first quarter worth about $152,000. Asset Management One Co. Ltd. bought a new stake in shares of Sprouts Farmers Market during the first quarter worth about $161,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Sprouts Farmers Market by 2.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,355 shares of the company’s stock worth $170,000 after buying an additional 200 shares during the last quarter. 90.55% of the stock is currently owned by institutional investors.

Sprouts Farmers Market Company Profile

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.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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