Sprouts Farmers Market (NASDAQ:SFM) Research Coverage Started at Melius Research

Melius Research began coverage on shares of Sprouts Farmers Market (NASDAQ:SFM) in a research note published on Monday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $105.00 price target on the stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a sector perform rating and a $107.00 price objective on the stock. Bank of America lifted their price objective on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a buy rating in a research note on Thursday, September 5th. Evercore ISI raised Sprouts Farmers Market from an in-line rating to an outperform rating and increased their target price for the company from $96.00 to $120.00 in a research note on Monday, September 16th. BMO Capital Markets upgraded Sprouts Farmers Market from an underperform rating to a market perform rating and raised their target price for the stock from $40.00 to $102.00 in a report on Tuesday, July 30th. Finally, Roth Mkm upped their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a neutral rating in a research note on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $99.80.

Sprouts Farmers Market Trading Down 1.5 %

Shares of SFM stock opened at $108.47 on Monday. The company has a market capitalization of $10.90 billion, a P/E ratio of 37.40, a P/E/G ratio of 3.10 and a beta of 0.56. Sprouts Farmers Market has a 12-month low of $39.76 and a 12-month high of $110.98. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $98.30 and a 200 day moving average price of $81.75.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Research analysts forecast that Sprouts Farmers Market will post 3.37 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total transaction of $476,433.32. Following the sale, the chief executive officer now directly owns 245,288 shares in the company, valued at approximately $20,452,113.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total transaction of $476,433.32. Following the completion of the transaction, the chief executive officer now owns 245,288 shares in the company, valued at approximately $20,452,113.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the sale, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. The disclosure for this sale can be found here. In the last three months, insiders sold 123,221 shares of company stock worth $12,130,609. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Large investors have recently bought and sold shares of the company. Rise Advisors LLC bought a new stake in shares of Sprouts Farmers Market in the first quarter worth $26,000. Crewe Advisors LLC increased its stake in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market during the 2nd quarter worth about $29,000. Quarry LP lifted its position in Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after buying an additional 442 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter worth about $63,000.

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.