Sprouts Farmers Market (NASDAQ:SFM) Upgraded to Buy at StockNews.com

Sprouts Farmers Market (NASDAQ:SFM) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Other analysts have also issued reports about the stock. Roth Mkm raised their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company lifted their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday. Bank of America increased their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating and four have given 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 an average price target of $115.40.

Sprouts Farmers Market Trading Up 1.2 %

Shares of SFM stock traded up $1.58 during trading hours on Monday, reaching $131.79. The company’s stock had a trading volume of 1,666,510 shares, compared to its average volume of 1,333,538. The company has a current ratio of 1.13, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a one year low of $39.98 and a one year high of $135.10. The stock has a market capitalization of $13.18 billion, a P/E ratio of 38.09, a P/E/G ratio of 2.73 and a beta of 0.54. The firm’s fifty day simple moving average is $110.21 and its 200 day simple moving average is $91.75.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts expect that Sprouts Farmers Market will post 3.67 EPS for the current year.

Insider Activity

In other Sprouts Farmers Market news, Director Joel D. Anderson sold 20,851 shares of Sprouts Farmers Market stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.16, for a total value of $2,005,032.16. Following the completion of the transaction, the director now directly owns 18,809 shares of the company’s stock, valued at approximately $1,808,673.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Joel D. Anderson sold 20,851 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.16, for a total value of $2,005,032.16. Following the completion of the transaction, the director now owns 18,809 shares in the company, valued at $1,808,673.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares in the company, valued at approximately $2,651,373.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,829 shares of company stock worth $5,206,068 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Sprouts Farmers Market

Institutional investors have recently made changes to their positions in the stock. Crewe Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in Sprouts Farmers Market in the second quarter worth about $29,000. V Square Quantitative Management LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $38,000. Quarry LP increased its position in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $60,000.

About Sprouts Farmers Market

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.