Sprouts Farmers Market (NASDAQ:SFM) had its price target lowered by Wells Fargo & Co from $23.00 to $20.00 in a report released on Friday, The Fly reports. The brokerage currently has a positive rating on the stock.
Several other equities research analysts also recently commented on SFM. Bank of America reaffirmed an underperform rating and set a $19.00 price target (down previously from $21.00) on shares of Sprouts Farmers Market in a report on Wednesday, May 29th. BidaskClub downgraded Sprouts Farmers Market from a sell rating to a strong sell rating in a report on Thursday, May 23rd. ValuEngine raised Sprouts Farmers Market from a sell rating to a hold rating in a report on Friday, May 3rd. Deutsche Bank raised Sprouts Farmers Market from a hold rating to a buy rating in a report on Monday, April 29th. Finally, Oppenheimer cut their price target on Sprouts Farmers Market from $31.00 to $26.00 and set an outperform rating for the company in a report on Thursday, April 25th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $25.51.
NASDAQ SFM opened at $18.64 on Friday. The firm has a market cap of $2.23 billion, a P/E ratio of 14.45, a PEG ratio of 1.59 and a beta of 0.54. The company has a current ratio of 0.88, a quick ratio of 0.20 and a debt-to-equity ratio of 2.84. Sprouts Farmers Market has a 12 month low of $18.60 and a 12 month high of $29.67. The firm has a 50 day moving average of $20.71.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $413.90 million during the quarter, compared to the consensus estimate of $1.41 billion. Sprouts Farmers Market had a return on equity of 26.41% and a net margin of 2.78%. The firm’s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. As a group, equities analysts predict that Sprouts Farmers Market will post 1.21 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. FMR LLC increased its position in Sprouts Farmers Market by 18.4% during the 1st quarter. FMR LLC now owns 1,549,395 shares of the company’s stock worth $33,375,000 after buying an additional 240,447 shares during the period. Lombard Odier Asset Management USA Corp increased its position in shares of Sprouts Farmers Market by 25.0% in the first quarter. Lombard Odier Asset Management USA Corp now owns 125,000 shares of the company’s stock worth $2,693,000 after purchasing an additional 25,000 shares during the period. Nordea Investment Management AB increased its position in shares of Sprouts Farmers Market by 2.0% in the first quarter. Nordea Investment Management AB now owns 170,284 shares of the company’s stock worth $3,667,000 after purchasing an additional 3,295 shares during the period. Clearbridge Investments LLC increased its position in shares of Sprouts Farmers Market by 1.3% in the first quarter. Clearbridge Investments LLC now owns 3,674,551 shares of the company’s stock worth $79,150,000 after purchasing an additional 47,837 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Sprouts Farmers Market in the first quarter worth $1,195,000. Hedge funds and other institutional investors own 98.15% 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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