Sprouts Farmers Market (NASDAQ:SFM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

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. “

Other analysts also recently issued reports about the stock. Susquehanna Bancshares set a $30.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets set a $26.00 target price on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Royal Bank of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, October 30th. Goldman Sachs Group reissued a “sell” rating and set a $18.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. Finally, Stephens set a $25.00 price objective on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $24.89.

Sprouts Farmers Market (SFM) traded up $0.61 during trading hours on Friday, hitting $25.47. 2,650,422 shares of the stock were exchanged, compared to its average volume of 2,070,000. The stock has a market cap of $3,390.00, a P/E ratio of 26.26, a PEG ratio of 2.07 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Sprouts Farmers Market has a 12-month low of $17.38 and a 12-month high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. analysts expect that Sprouts Farmers Market will post 1 EPS for the current fiscal year.

In other Sprouts Farmers Market news, insider Theodore Edward Frumkin II sold 36,667 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.93, for a total transaction of $877,441.31. Following the transaction, the insider now owns 58,912 shares in the company, valued at approximately $1,409,764.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandon F. Lombardi sold 8,557 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $25.74, for a total transaction of $220,257.18. The disclosure for this sale can be found here. Insiders have sold a total of 1,015,934 shares of company stock worth $24,918,352 in the last 90 days. Company insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SFM. Advisory Services Network LLC lifted its stake in Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after acquiring an additional 4,864 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Sprouts Farmers Market by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after purchasing an additional 1,161 shares during the period. Harvest Management LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $188,000. Seven Eight Capital LP bought a new position in shares of Sprouts Farmers Market in the 2nd quarter worth approximately $193,000. Finally, Sadoff Investment Management LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $223,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

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About Sprouts Farmers Market

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.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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