Sprouts Farmers Market (NASDAQ:SFM) had its price target increased by Citigroup from $27.00 to $29.00 in a report published on Wednesday morning. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the company. TheStreet raised Sprouts Farmers Market from a c+ rating to a b rating in a research note on Monday, August 6th. Zacks Investment Research lowered Sprouts Farmers Market from a buy rating to a hold rating in a research report on Tuesday, August 7th. BMO Capital Markets reaffirmed a hold rating and issued a $25.00 target price (up from $23.00) on shares of Sprouts Farmers Market in a research report on Friday, August 3rd. UBS Group increased their target price on Sprouts Farmers Market from $27.00 to $28.00 and gave the stock a buy rating in a research report on Friday, August 3rd. Finally, Jefferies Financial Group set a $26.00 target price on Sprouts Farmers Market and gave the stock a hold rating in a research report on Friday, August 3rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Sprouts Farmers Market currently has an average rating of Hold and an average target price of $26.47.

Shares of Sprouts Farmers Market stock traded up $0.61 during trading hours on Wednesday, reaching $23.69. 1,682,516 shares of the company’s stock were exchanged, compared to its average volume of 1,756,267. Sprouts Farmers Market has a 52-week low of $17.55 and a 52-week high of $28.29. The firm has a market cap of $2.93 billion, a PE ratio of 23.46, a P/E/G ratio of 1.47 and a beta of 0.81. The company has a quick ratio of 0.25, a current ratio of 1.04 and a debt-to-equity ratio of 0.96.

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

In other Sprouts Farmers Market news, COO James Leroy Nielsen sold 1,165 shares of the firm’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $22.03, for a total value of $25,664.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amin N. Maredia sold 12,303 shares of the firm’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $22.03, for a total value of $271,035.09. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Sprouts Farmers Market by 1.1% in the second quarter. BlackRock Inc. now owns 10,973,618 shares of the company’s stock valued at $242,189,000 after purchasing an additional 120,741 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in Sprouts Farmers Market by 4.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,842,567 shares of the company’s stock valued at $62,735,000 after purchasing an additional 129,119 shares during the period. Jennison Associates LLC raised its position in Sprouts Farmers Market by 25.4% in the second quarter. Jennison Associates LLC now owns 2,819,867 shares of the company’s stock valued at $62,234,000 after purchasing an additional 571,684 shares during the period. Dimensional Fund Advisors LP raised its position in Sprouts Farmers Market by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,519,098 shares of the company’s stock valued at $55,598,000 after purchasing an additional 39,535 shares during the period. Finally, Neuberger Berman Group LLC raised its position in Sprouts Farmers Market by 8.3% in the first quarter. Neuberger Berman Group LLC now owns 1,139,341 shares of the company’s stock valued at $26,740,000 after purchasing an additional 87,493 shares during the period. 93.07% of the stock is currently owned by institutional investors.

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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