BidaskClub upgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a sell rating to a hold rating in a research note released on Wednesday morning.

Several other research firms have also recently issued reports on SFM. ValuEngine raised Sprouts Farmers Market from a sell rating to a hold rating in a research report on Monday, August 20th. Zacks Investment Research raised Sprouts Farmers Market from a hold rating to a buy rating and set a $28.00 price objective on the stock in a research report on Wednesday, May 2nd. UBS Group upped their price objective on Sprouts Farmers Market from $27.00 to $28.00 and gave the company a buy rating in a research report on Friday, August 3rd. Jefferies Financial Group set a $26.00 price objective on Sprouts Farmers Market and gave the company a hold rating in a research report on Friday, August 3rd. Finally, William Blair reaffirmed an outperform rating on shares of Sprouts Farmers Market in a research report on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $26.47.

Shares of SFM opened at $25.00 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. Sprouts Farmers Market has a 52 week low of $17.55 and a 52 week high of $28.29. The company has a market capitalization of $3.11 billion, a PE ratio of 20.21, a P/E/G ratio of 1.56 and a beta of 0.81.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Sprouts Farmers Market had a return on equity of 25.56% and a net margin of 3.62%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. analysts forecast that Sprouts Farmers Market will post 1.26 earnings per share for the current fiscal year.

In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $24.34, for a total transaction of $1,095,300.00. Following the completion of the sale, the insider now directly owns 88,581 shares in the company, valued at approximately $2,156,061.54. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Amin N. Maredia sold 12,303 shares of the company’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $22.03, for a total value of $271,035.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,468 shares of company stock valued at $1,417,000. Company insiders own 1.80% of the company’s stock.

Several large investors have recently bought and sold shares of the company. WINTON GROUP Ltd purchased a new stake in shares of Sprouts Farmers Market in the 2nd quarter worth $4,243,000. Global X Management Co LLC increased its stake in shares of Sprouts Farmers Market by 64.3% in the 2nd quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock worth $197,000 after purchasing an additional 3,485 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Sprouts Farmers Market in the 2nd quarter worth $847,000. Putnam Investments LLC increased its stake in shares of Sprouts Farmers Market by 10.8% in the 2nd quarter. Putnam Investments LLC now owns 142,741 shares of the company’s stock worth $3,150,000 after purchasing an additional 13,900 shares in the last quarter. Finally, Waddell & Reed Financial Inc. increased its stake in shares of Sprouts Farmers Market by 13.8% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 5,722,550 shares of the company’s stock worth $126,296,000 after purchasing an additional 694,448 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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