Sprouts Farmers Market (NASDAQ:SFM) Earns Sector Perform Rating from Analysts at Royal Bank of Canada

Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market (NASDAQ:SFM) in a research note released on Thursday, Marketbeat Ratings reports. The firm issued a sector perform rating and a $107.00 price target on the stock.

A number of other equities research analysts also recently issued reports on SFM. BMO Capital Markets raised shares of Sprouts Farmers Market from an underperform rating to a market perform rating and boosted their price objective for the company from $40.00 to $102.00 in a research report on Tuesday, July 30th. UBS Group boosted their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a neutral rating in a report on Friday, June 28th. The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a buy rating in a research note on Wednesday, July 31st. Roth Mkm lifted their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a neutral rating in a research report on Tuesday, July 30th. Finally, Evercore ISI increased their target price on shares of Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an in-line rating in a report on Tuesday, July 30th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of Hold and a consensus target price of $96.56.

Sprouts Farmers Market Stock Up 0.4 %

Shares of Sprouts Farmers Market stock opened at $102.10 on Thursday. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a twelve month low of $39.50 and a twelve month high of $104.41. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. The company’s 50 day moving average is $93.85 and its 200 day moving average is $79.10.

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

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the sale, the insider now directly owns 27,188 shares in the company, valued at approximately $2,651,373.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $101.09, for a total value of $577,628.26. Following the completion of the transaction, the chief executive officer now directly owns 222,432 shares of the company’s stock, valued at $22,485,650.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the sale, the insider now owns 27,188 shares in the company, valued at approximately $2,651,373.76. The disclosure for this sale can be found here. Insiders sold a total of 128,939 shares of company stock valued at $12,571,295 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors and hedge funds have recently made changes to their positions in the business. Dorsey Wright & Associates bought a new position in shares of Sprouts Farmers Market in the 4th quarter valued at about $1,378,000. Cetera Advisors LLC purchased a new stake in Sprouts Farmers Market during the first quarter valued at approximately $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Sprouts Farmers Market by 8.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock valued at $39,748,000 after purchasing an additional 48,225 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after purchasing an additional 1,237,610 shares during the period. Finally, Inspire Investing LLC increased its position in shares of Sprouts Farmers Market by 78.8% during the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock valued at $1,684,000 after purchasing an additional 11,508 shares during the last quarter.

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.