BidaskClub Upgrades Sprouts Farmers Market (NASDAQ:SFM) to Sell

Sprouts Farmers Market (NASDAQ:SFM) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Wednesday, BidAskClub reports.

Other analysts have also issued reports about the stock. Bank of America reissued an “underperform” rating and set a $19.00 target price (down from $21.00) on shares of Sprouts Farmers Market in a research note on Wednesday, May 29th. Wells Fargo & Co cut their price target on shares of Sprouts Farmers Market from $23.00 to $20.00 and set a “positive” rating on the stock in a report on Friday, June 21st. Oppenheimer lowered shares of Sprouts Farmers Market from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lowered shares of Sprouts Farmers Market from an “overweight” rating to a “neutral” rating and cut their price target for the company from $22.00 to $19.00 in a report on Friday, August 2nd. Finally, CIBC restated a “market perform” rating on shares of Sprouts Farmers Market in a report on Tuesday, July 23rd. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.47.

SFM stock traded up $0.11 on Wednesday, hitting $19.85. 201,792 shares of the company’s stock traded hands, compared to its average volume of 1,323,380. Sprouts Farmers Market has a 1-year low of $16.46 and a 1-year high of $28.69. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 2.26 and a beta of 0.38. The stock has a fifty day moving average of $17.90 and a 200-day moving average of $20.15. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 3.02.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Sprouts Farmers Market had a net margin of 2.61% and a return on equity of 26.10%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Sprouts Farmers Market will post 1.1 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in SFM. Meeder Asset Management Inc. acquired a new position in Sprouts Farmers Market in the 2nd quarter valued at approximately $28,000. Hilton Capital Management LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth $75,000. Twin Tree Management LP increased its stake in shares of Sprouts Farmers Market by 437.7% during the 1st quarter. Twin Tree Management LP now owns 4,388 shares of the company’s stock worth $95,000 after purchasing an additional 3,572 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Sprouts Farmers Market by 55.6% during the 1st quarter. Advisors Asset Management Inc. now owns 5,339 shares of the company’s stock worth $115,000 after purchasing an additional 1,907 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter worth $176,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Sprouts Farmers Market Company Profile

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.

Featured Article: What is a CD ladder?

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.