Sprouts Farmers Market, Inc. (NASDAQ:SFM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

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 analysts also recently issued reports on the company. TheStreet raised Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reissued a “hold” rating and issued a $26.00 target price on shares of Sprouts Farmers Market in a research report on Tuesday, July 25th. Wells Fargo & Co reissued an “outperform” rating on shares of Sprouts Farmers Market in a research report on Tuesday, June 27th. Royal Bank Of Canada set a $28.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, BidaskClub raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus price target of $24.88.

Sprouts Farmers Market (NASDAQ:SFM) traded down 0.05% on Wednesday, hitting $19.00. The company had a trading volume of 1,788,230 shares. The stock has a 50 day moving average of $19.07 and a 200-day moving average of $22.25. Sprouts Farmers Market has a one year low of $17.38 and a one year high of $25.98. The stock has a market capitalization of $2.58 billion, a PE ratio of 21.42 and a beta of 0.54.

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

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In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $24.34, for a total transaction of $486,800.00. Following the transaction, the insider now owns 73,761 shares in the company, valued at approximately $1,795,342.74. The transaction was disclosed in a document filed 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 that occurred on 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 corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Capstone Asset Management Co. boosted its position in shares of Sprouts Farmers Market by 0.9% in the 2nd quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock worth $310,000 after purchasing an additional 120 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Sprouts Farmers Market by 0.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,862 shares of the company’s stock worth $428,000 after purchasing an additional 123 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Sprouts Farmers Market by 2.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock worth $171,000 after purchasing an additional 170 shares in the last quarter. World Asset Management Inc boosted its position in shares of Sprouts Farmers Market by 2.4% in the 2nd quarter. World Asset Management Inc now owns 9,284 shares of the company’s stock worth $210,000 after purchasing an additional 221 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of Sprouts Farmers Market by 0.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 104,878 shares of the company’s stock worth $2,378,000 after purchasing an additional 376 shares in the last quarter. 87.66% of the stock is currently owned by hedge funds and other institutional investors.

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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