Sprouts Farmers Market (NASDAQ:SFM) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Monday.

SFM has been the topic of several other research reports. Citigroup initiated coverage on shares of Sprouts Farmers Market in a research note on Friday, July 6th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Loop Capital set a $24.00 target price on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research note on Tuesday, July 17th. TheStreet downgraded shares of Sprouts Farmers Market from a “b-” rating to a “c+” rating in a research note on Thursday, May 31st. Finally, UBS Group boosted their target price on shares of Sprouts Farmers Market from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.47.

SFM traded up $0.30 during trading on Monday, reaching $24.54. 1,110,000 shares of the company’s stock were exchanged, compared to its average volume of 1,791,865. Sprouts Farmers Market has a fifty-two week low of $17.55 and a fifty-two week high of $28.29. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.04 and a quick ratio of 0.25. The company has a market capitalization of $3.01 billion, a P/E ratio of 24.30, a P/E/G ratio of 1.51 and a beta of 0.81.

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

In related news, insider Brandon F. Lombardi sold 45,000 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $24.34, for a total value of $1,095,300.00. Following the completion of the transaction, the insider now directly owns 88,581 shares of the company’s stock, valued at $2,156,061.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO James Leroy Nielsen sold 1,165 shares of Sprouts Farmers Market stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $22.03, for a total value of $25,664.95. The disclosure for this sale can be found here. Insiders sold 58,468 shares of company stock valued at $1,392,000 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in SFM. BlackRock Inc. raised its holdings in Sprouts Farmers Market by 1.1% during the 2nd quarter. BlackRock Inc. now owns 10,973,618 shares of the company’s stock worth $242,189,000 after purchasing an additional 120,741 shares during the last quarter. Waddell & Reed Financial Inc. raised its holdings in Sprouts Farmers Market by 13.8% during 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 during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Sprouts Farmers Market by 4.8% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,842,567 shares of the company’s stock worth $62,735,000 after purchasing an additional 129,119 shares during the last quarter. Jennison Associates LLC raised its holdings in Sprouts Farmers Market by 25.4% during the 2nd quarter. Jennison Associates LLC now owns 2,819,867 shares of the company’s stock worth $62,234,000 after purchasing an additional 571,684 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Sprouts Farmers Market by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,519,098 shares of the company’s stock worth $55,598,000 after purchasing an additional 39,535 shares during the last quarter. 95.76% of the stock is owned by institutional investors and hedge funds.

About Sprouts Farmers Market

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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