MKM Partners began coverage on shares of Sprouts Farmers Market (NASDAQ:SFM) in a research note released on Wednesday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $39.00 price target on the stock.

Other research analysts also recently issued research reports about the company. Oppenheimer downgraded Sprouts Farmers Market from an outperform rating to a market perform rating in a report on Thursday, May 14th. JPMorgan Chase & Co. increased their price objective on Sprouts Farmers Market from $22.00 to $24.00 and gave the company a neutral rating in a report on Wednesday, May 6th. Goldman Sachs Group initiated coverage on Sprouts Farmers Market in a report on Tuesday, July 21st. They issued a neutral rating and a $26.00 price objective on the stock. ValuEngine downgraded Sprouts Farmers Market from a sell rating to a strong sell rating in a research note on Thursday, July 2nd. Finally, Bank of America raised their price target on Sprouts Farmers Market from $18.00 to $20.00 and gave the stock an underperform rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Sprouts Farmers Market currently has a consensus rating of Hold and an average price target of $24.67.

SFM stock opened at $26.38 on Wednesday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.07 and a quick ratio of 0.51. The firm has a market capitalization of $3.11 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.62 and a beta of 0.22. The business’s 50-day moving average is $24.84 and its two-hundred day moving average is $20.75. Sprouts Farmers Market has a 1 year low of $13.00 and a 1 year high of $28.00.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.17. Sprouts Farmers Market had a return on equity of 34.45% and a net margin of 3.56%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts expect that Sprouts Farmers Market will post 1.77 EPS for the current year.

In other Sprouts Farmers Market news, Director Terri F. Graham sold 2,778 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $25.08, for a total value of $69,672.24. Following the transaction, the director now directly owns 26,753 shares in the company, valued at approximately $670,965.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jack Sinclair sold 26,194 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $23.51, for a total value of $615,820.94. The disclosure for this sale can be found here. Insiders sold a total of 63,426 shares of company stock worth $1,514,456 over the last quarter. Company insiders own 0.29% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SFM. Twin Tree Management LP acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at approximately $26,000. Cerebellum GP LLC acquired a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $26,000. Jacobi Capital Management LLC lifted its holdings in shares of Sprouts Farmers Market by 2,389.3% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,394 shares of the company’s stock valued at $27,000 after buying an additional 1,338 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Sprouts Farmers Market by 827.1% in the 1st quarter. Lindbrook Capital LLC now owns 1,743 shares of the company’s stock valued at $32,000 after buying an additional 1,555 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Sprouts Farmers Market by 42.8% in the 2nd quarter. Signaturefd LLC now owns 1,522 shares of the company’s stock valued at $39,000 after buying an additional 456 shares during the period. 90.97% of the stock is owned by institutional investors and hedge funds.

Sprouts Farmers Market Company Profile

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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