BidaskClub upgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a sell rating to a hold rating in a report released on Saturday morning, BidAskClub reports.

SFM has been the topic of a number of other research reports. Cfra raised their target price on Sprouts Farmers Market from $24.00 to $30.00 and gave the company a buy rating in a report on Wednesday, May 6th. UBS Group raised their target price on Sprouts Farmers Market from $18.00 to $21.00 and gave the company a neutral rating in a report on Friday, May 1st. Bank of America raised their target price on Sprouts Farmers Market from $18.00 to $20.00 and gave the company an underperform rating in a report on Wednesday, May 13th. Gordon Haskett upgraded Sprouts Farmers Market from a hold rating to a buy rating in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. lifted their price target on Sprouts Farmers Market from $22.00 to $24.00 and gave the stock a neutral rating in a report on Wednesday, May 6th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $22.92.

Shares of Sprouts Farmers Market stock opened at $25.59 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.51 and a current ratio of 0.97. Sprouts Farmers Market has a 52 week low of $13.00 and a 52 week high of $26.83. The stock has a 50 day moving average price of $24.36 and a two-hundred day moving average price of $19.75. The stock has a market capitalization of $3.02 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.57 and a beta of 0.25.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Tuesday, May 5th. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.25. Sprouts Farmers Market had a return on equity of 31.73% and a net margin of 3.15%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Research analysts forecast that Sprouts Farmers Market will post 1.7 EPS for the current year.

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 26,194 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $23.51, for a total value of $615,820.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dan J. Sanders sold 34,454 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $24.06, for a total value of $828,963.24. Following the completion of the sale, the insider now owns 48,659 shares in the company, valued at $1,170,735.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,426 shares of company stock worth $1,514,456. Corporate insiders own 0.29% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Twin Tree Management LP bought a new stake in shares of Sprouts Farmers Market in the first quarter valued at $26,000. Lindbrook Capital LLC grew its position in shares of Sprouts Farmers Market by 827.1% in the first quarter. Lindbrook Capital LLC now owns 1,743 shares of the company’s stock valued at $32,000 after purchasing an additional 1,555 shares in the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Sprouts Farmers Market in the fourth quarter valued at $36,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Sprouts Farmers Market by 870.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,406 shares of the company’s stock valued at $45,000 after purchasing an additional 2,158 shares in the last quarter. Finally, Private Capital Group LLC grew its position in shares of Sprouts Farmers Market by 1,114.5% in the first quarter. Private Capital Group LLC now owns 2,429 shares of the company’s stock valued at $45,000 after purchasing an additional 2,229 shares in the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.

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, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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