ValuEngine Lowers Sprouts Farmers Market (NASDAQ:SFM) to Sell

ValuEngine lowered shares of Sprouts Farmers Market (NASDAQ:SFM) from a hold rating to a sell rating in a report released on Tuesday, April 16th, ValuEngine reports.

Other equities analysts have also issued reports about the stock. TheStreet lowered shares of Sprouts Farmers Market from a b rating to a c+ rating in a report on Tuesday, March 5th. Wells Fargo & Co reissued a hold rating on shares of Sprouts Farmers Market in a research report on Wednesday, March 27th. BidaskClub downgraded shares of Sprouts Farmers Market from a buy rating to a hold rating in a research report on Friday, January 25th. Zacks Investment Research raised shares of Sprouts Farmers Market from a sell rating to a hold rating in a research report on Friday, January 25th. Finally, Barclays reaffirmed a hold rating and issued a $25.00 target price on shares of Sprouts Farmers Market in a research report on Wednesday, January 9th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $26.10.

Sprouts Farmers Market stock traded down $0.01 during trading on Tuesday, hitting $22.47. The stock had a trading volume of 1,283,370 shares, compared to its average volume of 2,023,115. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.89 and a beta of 0.48. Sprouts Farmers Market has a 1 year low of $20.58 and a 1 year high of $29.67. The company has a current ratio of 0.88, a quick ratio of 0.20 and a debt-to-equity ratio of 2.84.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. Sprouts Farmers Market had a return on equity of 26.41% and a net margin of 2.78%. The business had revenue of $413.90 million for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue was down 67.8% on a year-over-year basis. As a group, equities research analysts forecast that Sprouts Farmers Market will post 1.22 earnings per share for the current fiscal year.

In other news, CEO James Leroy Nielsen sold 17,267 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $22.94, for a total value of $396,104.98. Following the completion of the sale, the chief executive officer now owns 130,750 shares of the company’s stock, valued at approximately $2,999,405. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn R. Gensch sold 3,310 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $22.96, for a total transaction of $75,997.60. Following the completion of the sale, the insider now directly owns 22,917 shares of the company’s stock, valued at approximately $526,174.32. The disclosure for this sale can be found here. Insiders sold a total of 44,394 shares of company stock worth $1,020,298 over the last 90 days. Insiders own 0.70% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC raised its holdings in shares of Sprouts Farmers Market by 100.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,245 shares of the company’s stock worth $29,000 after buying an additional 625 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Sprouts Farmers Market during the fourth quarter valued at $37,000. Oregon Public Employees Retirement Fund grew its position in Sprouts Farmers Market by 2,356.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,188,148 shares of the company’s stock valued at $51,000 after buying an additional 1,139,777 shares during the period. Acadian Asset Management LLC grew its position in Sprouts Farmers Market by 143.0% during the fourth quarter. Acadian Asset Management LLC now owns 2,211 shares of the company’s stock valued at $52,000 after buying an additional 1,301 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Sprouts Farmers Market during the first quarter valued at $55,000. 99.25% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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