Sprouts Farmers Market, Inc. (NASDAQ:SFM) had its price objective trimmed by Loop Capital from $25.00 to $24.00 in a research note released on Friday morning. The firm currently has a hold rating on the stock.

Several other research analysts have also recently issued reports on SFM. BidaskClub upgraded Sprouts Farmers Market from a hold rating to a buy rating in a research report on Wednesday, July 12th. Zacks Investment Research cut Sprouts Farmers Market from a hold rating to a sell rating in a research report on Wednesday, July 12th. Jefferies Group LLC reiterated a hold rating and issued a $26.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, July 25th. TheStreet upgraded Sprouts Farmers Market from a c+ rating to a b- rating in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada set a $28.00 price objective on Sprouts Farmers Market and gave the stock a buy rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $24.44.

Sprouts Farmers Market (NASDAQ:SFM) traded up $0.62 during trading on Friday, hitting $20.99. The stock had a trading volume of 277,271 shares, compared to its average volume of 2,460,000. Sprouts Farmers Market has a twelve month low of $17.38 and a twelve month high of $25.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. The stock has a market capitalization of $2,760.00, a PE ratio of 21.00, a PEG ratio of 1.78 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. sell-side analysts expect that Sprouts Farmers Market will post 0.96 EPS for the current fiscal year.

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In related news, CFO Bradley Lukow bought 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $19.80 per share, for a total transaction of $138,600.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel Bruni bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of $19.00 per share, for a total transaction of $285,000.00. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SFM. Advisory Services Network LLC increased its holdings in Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after purchasing an additional 4,864 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Sprouts Farmers Market by 9.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after acquiring an additional 468 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Sprouts Farmers Market by 2.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock worth $171,000 after acquiring an additional 170 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Sprouts Farmers Market by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after acquiring an additional 1,161 shares in the last quarter. Finally, First Quadrant L P CA grew its position in shares of Sprouts Farmers Market by 16.3% in the 2nd quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock worth $179,000 after acquiring an additional 1,105 shares in the last quarter. Institutional investors own 87.19% of the company’s stock.

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.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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