Sprouts Farmers Market (NASDAQ:SFM) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Monday, August 6th. Citigroup initiated coverage on Sprouts Farmers Market in a research note on Friday, July 6th. They set a “buy” rating on the stock. TheStreet downgraded Sprouts Farmers Market from a “b-” rating to a “c+” rating in a research note on Thursday, May 31st. UBS Group upped their price target on Sprouts Farmers Market from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday. Finally, William Blair reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research note on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $26.76.

NASDAQ SFM opened at $27.83 on Wednesday. Sprouts Farmers Market has a 12 month low of $17.55 and a 12 month high of $29.67. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 1.81 and a beta of 0.91. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 1.04.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Sprouts Farmers Market had a return on equity of 25.56% and a net margin of 3.62%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. equities research analysts expect 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 business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $22.03, for a total transaction of $25,664.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Dan J. Sanders sold 19,929 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $28.91, for a total value of $576,147.39. Following the sale, the chief operating officer now directly owns 610,846 shares of the company’s stock, valued at $17,659,557.86. The disclosure for this sale can be found here. Insiders have sold a total of 129,397 shares of company stock valued at $3,407,147 over the last three months. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mackay Shields LLC bought a new position in shares of Sprouts Farmers Market in the first quarter valued at approximately $3,517,000. Victory Capital Management Inc. grew its holdings in shares of Sprouts Farmers Market by 6,484.3% in the first quarter. Victory Capital Management Inc. now owns 505,019 shares of the company’s stock valued at $11,853,000 after acquiring an additional 497,349 shares in the last quarter. Swiss National Bank grew its holdings in shares of Sprouts Farmers Market by 1.7% in the first quarter. Swiss National Bank now owns 223,950 shares of the company’s stock valued at $5,256,000 after acquiring an additional 3,700 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Sprouts Farmers Market by 8.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 874,827 shares of the company’s stock valued at $20,533,000 after acquiring an additional 66,930 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of 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 acquiring an additional 87,493 shares in the last quarter. 95.34% of the stock is owned by hedge funds and other 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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