Sprouts Farmers Market (NASDAQ:SFM – Free Report) had its price objective hoisted by Evercore ISI from $59.00 to $62.00 in a research report released on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.
Other equities analysts also recently issued reports about the stock. StockNews.com downgraded shares of Sprouts Farmers Market from a buy rating to a hold rating in a research note on Sunday, December 3rd. Bank of America raised shares of Sprouts Farmers Market from an underperform rating to a buy rating and raised their price target for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. Finally, The Goldman Sachs Group raised their price target on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of Hold and a consensus target price of $51.29.
Check Out Our Latest Stock Report on Sprouts Farmers Market
SFM traded up $0.48 during midday trading on Tuesday, hitting $63.91. 965,680 shares of the company traded hands, compared to its average volume of 1,336,801. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.32 and a beta of 0.49. Sprouts Farmers Market has a 52-week low of $32.12 and a 52-week high of $65.53. The business has a 50 day simple moving average of $56.58 and a two-hundred day simple moving average of $48.49.
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. On average, equities analysts forecast that Sprouts Farmers Market will post 2.95 earnings per share for the current fiscal year.
In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 22,799 shares of Sprouts Farmers Market stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the completion of the sale, the insider now directly owns 8,328 shares in the company, valued at $499,513.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 22,799 shares of Sprouts Farmers Market stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the completion of the sale, the insider now directly owns 8,328 shares in the company, valued at $499,513.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joe Fortunato sold 13,000 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.71, for a total transaction of $828,230.00. Following the sale, the director now owns 39,395 shares of the company’s stock, valued at $2,509,855.45. The disclosure for this sale can be found here. Insiders have sold 160,852 shares of company stock valued at $10,032,745 over the last ninety days. Company insiders own 1.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SFM. VisionPoint Advisory Group LLC acquired a new position in shares of Sprouts Farmers Market in the third quarter valued at approximately $25,000. West Tower Group LLC lifted its stake in Sprouts Farmers Market by 314.5% in the fourth quarter. West Tower Group LLC now owns 630 shares of the company’s stock worth $30,000 after acquiring an additional 478 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Sprouts Farmers Market in the first quarter worth approximately $35,000. Ronald Blue Trust Inc. lifted its stake in Sprouts Farmers Market by 80.3% in the third quarter. Ronald Blue Trust Inc. now owns 831 shares of the company’s stock worth $36,000 after acquiring an additional 370 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Sprouts Farmers Market in the fourth quarter worth approximately $38,000.
Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.
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