Sprouts Farmers Market, Inc. (NASDAQ:SFM) has been assigned an average rating of “Hold” from the twenty-seven brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.44.

SFM has been the topic of several research analyst reports. Jefferies Group LLC set a $26.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a report on Monday, May 1st. BMO Capital Markets set a $24.00 target price on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a report on Thursday, May 4th. Wells Fargo & Company reissued a “buy” rating on shares of Sprouts Farmers Market in a report on Thursday, May 4th. 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 target price on the stock. Finally, TheStreet raised shares of Sprouts Farmers Market from a “c+” rating to a “b-” rating in a report on Friday, May 5th.

Shares of Sprouts Farmers Market (NASDAQ SFM) traded down 9.57% during trading on Wednesday, hitting $19.75. The stock had a trading volume of 7,458,972 shares. The company has a market capitalization of $2.68 billion, a P/E ratio of 22.27 and a beta of 0.52. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $25.98. The firm has a 50-day moving average of $23.91 and a 200 day moving average of $22.43. Sprouts Farmers Market also was the target of unusually large options trading activity on Friday. Traders acquired 10,990 call options on the company. This represents an increase of 1,140% compared to the typical volume of 886 call options.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. Equities research analysts predict that Sprouts Farmers Market will post $0.93 earnings per share for the current fiscal year.

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In other news, CEO Amin N. Maredia sold 13,448 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $22.71, for a total value of $305,404.08. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Dan J. Sanders sold 21,976 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $24.23, for a total transaction of $532,478.48. Following the completion of the sale, the chief operating officer now directly owns 36,771 shares in the company, valued at approximately $890,961.33. The disclosure for this sale can be found here. In the last three months, insiders sold 70,424 shares of company stock worth $1,690,983. Insiders own 2.60% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC increased its stake in shares of Sprouts Farmers Market by 1,093.0% in the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after buying an additional 4,864 shares in the last quarter. 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 valued at $126,000 after buying an additional 468 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at $152,000. Asset Management One Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at $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 valued at $170,000 after buying an additional 200 shares in the last quarter. 88.09% of the stock is currently owned by institutional investors and hedge funds.

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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