Sprouts Farmers Market, Inc. (SFM) Upgraded by Wolfe Research to Outperform

Wolfe Research upgraded shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) to an outperform rating in a research note issued to investors on Thursday, November 9th, The Fly reports.

A number of other brokerages have also recently issued reports on SFM. Jefferies Group LLC cut shares of Sprouts Farmers Market from a buy rating to a hold rating and set a $26.00 price target for the company. in a research report on Thursday, July 27th. TheStreet raised shares of Sprouts Farmers Market from a c+ rating to a b- rating in a research report on Tuesday, July 25th. Deutsche Bank AG reissued a hold rating and set a $24.00 price target (up from $22.00) on shares of Sprouts Farmers Market in a research report on Wednesday, August 9th. 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, Stephens started coverage on shares of Sprouts Farmers Market in a research note on Friday, August 11th. They set an equal weight rating and a $25.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $24.28.

Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at $22.09 on Thursday. Sprouts Farmers Market has a 12-month low of $17.38 and a 12-month high of $25.98. The company has a market cap of $2,895.62, a PE ratio of 22.43, a PEG ratio of 1.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the company posted $0.16 EPS. Sprouts Farmers Market’s revenue was up 16.4% on a year-over-year basis. research analysts predict that Sprouts Farmers Market will post 0.99 earnings per share for the current year.

In related news, insider Daniel Bruni purchased 15,000 shares of Sprouts Farmers Market stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of $19.00 per share, for a total transaction of $285,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in SFM. Advisory Services Network LLC grew its stake in shares of 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. grew its stake in shares of Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after acquiring an additional 468 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Sprouts Farmers Market by 2.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock worth $171,000 after acquiring an additional 170 shares during the period. Victory Capital Management Inc. grew its stake in shares of Sprouts Farmers Market by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after acquiring an additional 1,161 shares during the period. Finally, First Quadrant L P CA grew its stake in shares of Sprouts Farmers Market by 16.3% in the second quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock worth $179,000 after acquiring an additional 1,105 shares during the period. Hedge funds and other institutional investors own 90.11% of the company’s stock.

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About Sprouts Farmers Market

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.

The Fly

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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