Sprouts Farmers Market’s (SFM) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Sprouts Farmers Market (NASDAQ:SFM) in a research note published on Tuesday,Benzinga reports. They currently have a $160.00 price target on the stock.

SFM has been the topic of several other research reports. Evercore ISI dropped their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company upped their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Jefferies Financial Group upped their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Finally, Bank of America increased their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $167.00.

Sprouts Farmers Market Stock Down 1.0 %

Sprouts Farmers Market stock opened at $148.31 on Tuesday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market has a 52-week low of $61.61 and a 52-week high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a 50 day moving average price of $151.60 and a two-hundred day moving average price of $136.87.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Equities analysts predict that Sprouts Farmers Market will post 4.29 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the sale, the chief executive officer now owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Alisa Gmelich sold 445 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $61,151.90. Following the completion of the sale, the chief marketing officer now owns 4,436 shares in the company, valued at $609,595.12. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,784 shares of company stock worth $13,231,786. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Large investors have recently modified their holdings of the business. First Horizon Advisors Inc. grew its stake in Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Sprouts Farmers Market by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after purchasing an additional 48,103 shares in the last quarter. Citigroup Inc. raised its stake in shares of Sprouts Farmers Market by 137.7% during the 3rd quarter. Citigroup Inc. now owns 249,914 shares of the company’s stock valued at $27,593,000 after purchasing an additional 144,761 shares during the period. Cerity Partners LLC lifted its holdings in Sprouts Farmers Market by 17.8% during the 3rd quarter. Cerity Partners LLC now owns 27,557 shares of the company’s stock worth $3,043,000 after purchasing an additional 4,171 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new position in Sprouts Farmers Market in the 3rd quarter worth about $149,000.

About Sprouts Farmers Market

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.