Zacks Investment Research downgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a buy rating to a hold rating in a research report report published on Friday morning.

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. “

A number of other brokerages also recently weighed in on SFM. BidaskClub raised shares of Sprouts Farmers Market from a buy rating to a strong-buy rating in a research report on Friday, December 22nd. Wolfe Research raised shares of Sprouts Farmers Market to an outperform rating in a research report on Thursday, November 9th. Susquehanna Bancshares initiated coverage on shares of Sprouts Farmers Market in a research report on Monday, October 16th. They set a positive rating and a $23.00 price objective for the company. Loop Capital lowered their price objective on shares of Sprouts Farmers Market from $25.00 to $24.00 and set a hold rating for the company in a research report on Friday, November 3rd. Finally, BMO Capital Markets set a $26.00 price objective on shares of Sprouts Farmers Market and gave the company a hold rating in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $24.89.

Sprouts Farmers Market (NASDAQ SFM) traded up $0.61 on Friday, hitting $25.47. The stock has a market capitalization of $3,390.00, a P/E ratio of 26.26, a P/E/G ratio of 2.07 and a beta of 0.67. Sprouts Farmers Market has a 12-month low of $17.38 and a 12-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.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data 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 net margin of 3.01% and a return on equity of 21.00%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. sell-side analysts anticipate that Sprouts Farmers Market will post 1 earnings per share for the current fiscal year.

In other news, insider Brandon F. Lombardi sold 8,557 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $25.74, for a total value of $220,257.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Shon A. Boney sold 848,409 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total transaction of $20,972,670.48. Following the completion of the sale, the director now directly owns 478,965 shares of the company’s stock, valued at $11,840,014.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,015,934 shares of company stock valued at $24,918,352 over the last three months. 2.60% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Sprouts Farmers Market by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 10,568,169 shares of the company’s stock worth $239,580,000 after acquiring an additional 104,072 shares during the period. BlackRock Inc. lifted its stake in shares of Sprouts Farmers Market by 0.8% in the 2nd quarter. BlackRock Inc. now owns 10,286,759 shares of the company’s stock worth $233,201,000 after acquiring an additional 81,799 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Sprouts Farmers Market by 0.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,758,862 shares of the company’s stock worth $70,554,000 after acquiring an additional 13,791 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Sprouts Farmers Market by 8.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,701,231 shares of the company’s stock worth $69,472,000 after acquiring an additional 280,083 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Sprouts Farmers Market by 79.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock worth $58,344,000 after acquiring an additional 1,137,200 shares during the period. 90.13% of the stock is owned by institutional investors.

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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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