Sprouts Farmers Market Inc. (NASDAQ:SFM) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday. They presently have a $26.50 price target on the stock. Vetr‘s target price would indicate a potential upside of 9.64% from the stock’s current price.
Sprouts Farmers Market (NASDAQ:SFM) traded up 3.07% on Tuesday, reaching $24.17. 3,403,625 shares of the company’s stock traded hands. Sprouts Farmers Market has a 12 month low of $16.41 and a 12 month high of $30.00. The firm’s 50 day moving average price is $23.00 and its 200 day moving average price is $25.37. The company has a market cap of $3.64 billion and a PE ratio of 27.19.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The company earned $993.20 million during the quarter, compared to the consensus estimate of $1.01 billion. The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. On average, equities analysts expect that Sprouts Farmers Market will post $0.97 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of SFM. Rock Point Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 5.9% in the fourth quarter. Rock Point Advisors LLC now owns 212,650 shares of the company’s stock valued at $5,654,000 after buying an additional 11,815 shares during the period. Farr Miller & Washington LLC DC boosted its stake in shares of Sprouts Farmers Market by 1.2% in the fourth quarter. Farr Miller & Washington LLC DC now owns 810,551 shares of the company’s stock valued at $21,553,000 after buying an additional 9,575 shares during the period. King Luther Capital Management Corp purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at about $5,746,000. BlackRock Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 10.2% in the fourth quarter. BlackRock Advisors LLC now owns 586,199 shares of the company’s stock valued at $15,587,000 after buying an additional 54,049 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at about $1,197,000.
In other Sprouts Farmers Market news, CFO Bradley Lukow purchased 10,000 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were bought at an average cost of $25.15 per share, with a total value of $251,500.00. Following the acquisition, the chief financial officer now owns 28,525 shares in the company, valued at $717,403.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.
