Sprouts Farmers Market, Inc. (NASDAQ:SFM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm presently has a $23.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.91% from the company’s previous close.

According to Zacks, “Sprouts Farmers Markets, LLC engages in the retailing of natural and organic food primarily in the United States. The Company offers fresh produce, meats, cheeses, dairy, bakery, beer and wine, bulk foods, vitamins, and supplements. Sprouts Farmers Markets, LLC is based in Phoenix, Arizona. “

Other research analysts have also issued reports about the company. TheStreet raised Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research report on Tuesday, July 25th. BidaskClub raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $27.00 price target on shares of Sprouts Farmers Market in a research report on Friday, September 15th. Wells Fargo & Company reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada set a $28.00 price target on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.44.

Sprouts Farmers Market (NASDAQ SFM) opened at $20.37 on Friday. The stock has a market capitalization of $2,710.66, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 1.82 and a beta of 0.54. The company has a quick ratio of 0.21, a current ratio of 1.00 and a debt-to-equity ratio of 0.77.

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. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. equities analysts anticipate that Sprouts Farmers Market will post 0.96 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Sprouts Farmers Market, Inc. (SFM) Stock Rating Upgraded by Zacks Investment Research” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/sprouts-farmers-market-inc-sfm-stock-rating-upgraded-by-zacks-investment-research/1681663.html.

In related news, CFO Bradley Lukow bought 7,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average price of $19.80 per share, for a total transaction of $138,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven H. Townsend sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $24.42, for a total value of $366,300.00. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of SFM. Advisory Services Network LLC boosted 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 worth $120,000 after buying an additional 4,864 shares during the last quarter. PNC Financial Services Group Inc. boosted 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. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Sprouts Farmers Market by 2.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock worth $171,000 after buying an additional 170 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Sprouts Farmers Market by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after buying an additional 1,161 shares during the last quarter. Finally, First Quadrant L P CA boosted its stake in shares of Sprouts Farmers Market by 16.3% in the second quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock worth $179,000 after buying an additional 1,105 shares during the last quarter. Hedge funds and other institutional investors own 87.59% of the company’s stock.

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)

Receive News & Ratings for Sprouts Farmers Market Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.