Sprouts Farmers Market (NASDAQ:SFM) Receives “Market Perform” Rating from Oppenheimer

Oppenheimer reiterated their market perform rating on shares of Sprouts Farmers Market (NASDAQ:SFM) in a report released on Monday, Benzinga reports.

A number of other analysts have also recently issued reports on SFM. Evercore ISI reduced their target price on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an in-line rating for the company in a research note on Tuesday, April 16th. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Finally, Bank of America upgraded shares of Sprouts Farmers Market from an underperform rating to a buy rating and lifted their target price for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $51.14.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $64.29 on Monday. The company’s 50 day moving average price is $63.29 and its 200 day moving average price is $52.52. Sprouts Farmers Market has a 52 week low of $32.12 and a 52 week high of $68.03. The company has a market capitalization of $6.51 billion, a PE ratio of 25.61, a PEG ratio of 2.45 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 1.10.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Research analysts expect that Sprouts Farmers Market will post 2.95 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, VP Stacy W. Hilgendorf sold 417 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $62.47, for a total value of $26,049.99. Following the completion of the sale, the vice president now directly owns 10,331 shares in the company, valued at $645,377.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Stacy W. Hilgendorf sold 417 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $62.47, for a total value of $26,049.99. Following the completion of the sale, the vice president now directly owns 10,331 shares in the company, valued at $645,377.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Nicholas Konat sold 31,846 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $62.13, for a total transaction of $1,978,591.98. Following the completion of the sale, the chief operating officer now owns 82,495 shares of the company’s stock, valued at $5,125,414.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 160,852 shares of company stock worth $10,032,745. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of institutional investors and hedge funds have recently bought and sold shares of SFM. Cambridge Investment Research Advisors Inc. increased its position in Sprouts Farmers Market by 405.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 155,087 shares of the company’s stock worth $6,638,000 after acquiring an additional 124,417 shares during the period. FinTrust Capital Advisors LLC bought a new position in Sprouts Farmers Market during the third quarter worth $49,000. Raymond James & Associates increased its position in Sprouts Farmers Market by 21.9% during the third quarter. Raymond James & Associates now owns 15,832 shares of the company’s stock worth $678,000 after acquiring an additional 2,842 shares during the period. Foster & Motley Inc. increased its holdings in Sprouts Farmers Market by 3.5% in the 3rd quarter. Foster & Motley Inc. now owns 25,562 shares of the company’s stock valued at $1,094,000 after buying an additional 858 shares during the period. Finally, Reinhart Partners LLC. bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at $16,682,000.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.