Sprouts Farmers Market, Inc. (NASDAQ:SFM) Upgraded at Zacks Investment Research

Sprouts Farmers Market, Inc. (NASDAQ:SFM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, November 4th. The brokerage currently has a $23.00 price target on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.91% from the company’s current price.

According to Zacks, “Sprouts Farmers Markets, LLC engages in the retailing of natural and organic food primarily in the United States. The Company offers fresh produce, meats, cheeses, dairy, bakery, beer and wine, bulk foods, vitamins, and supplements. Sprouts Farmers Markets, LLC is based in Phoenix, Arizona. “

A number of other equities research analysts have also recently commented on SFM. BidaskClub raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $26.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, July 25th. TheStreet upgraded shares of Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada set a $28.00 price target on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, Wells Fargo & Company restated a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Sprouts Farmers Market has a consensus rating of “Hold” and a consensus price target of $24.28.

Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at $20.37 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. The company has a market capitalization of $2,690.69, a PE ratio of 20.84, a PEG ratio of 1.80 and a beta of 0.54. Sprouts Farmers Market has a 12 month low of $17.38 and a 12 month high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. analysts anticipate that Sprouts Farmers Market will post 0.99 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Sprouts Farmers Market, Inc. (NASDAQ:SFM) Upgraded at Zacks Investment Research” was originally posted by BBNS and is the property of of BBNS. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://baseballnewssource.com/markets/sprouts-farmers-market-inc-sfm-upgraded-to-buy-at-zacks-investment-research/1758629.html.

In related news, insider Daniel Bruni acquired 15,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of $19.00 per share, for a total transaction of $285,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bradley Lukow acquired 7,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $19.80 per share, for a total transaction of $138,600.00. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of SFM. Advisory Services Network LLC raised its position in Sprouts Farmers Market by 1,093.0% in the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after acquiring an additional 4,864 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Sprouts Farmers Market by 9.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock valued at $126,000 after purchasing an additional 468 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Sprouts Farmers Market by 2.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock valued at $171,000 after purchasing an additional 170 shares during the period. Victory Capital Management Inc. raised its position in shares of Sprouts Farmers Market by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock valued at $175,000 after purchasing an additional 1,161 shares during the period. Finally, First Quadrant L P CA raised its position in shares of Sprouts Farmers Market by 16.3% during the 2nd quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock valued at $179,000 after purchasing an additional 1,105 shares during the period. Institutional investors own 88.87% of the company’s stock.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Get a free copy of the Zacks research report on Sprouts Farmers Market (SFM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

Receive News & Ratings for Sprouts Farmers Market Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Brandon Morrow Becomes Hot Commodity
Brandon Morrow Becomes Hot Commodity
Red Sox Want Sluggers, Giancarlo Stanton May Become Available
Red Sox Want Sluggers, Giancarlo Stanton May Become Available
Rangers Able to Pay More for Shohei Otani Than Others
Rangers Able to Pay More for Shohei Otani Than Others


Leave a Reply

 
© 2006-2017 BBNS.