Wells Fargo & Co Trims Sprouts Farmers Market (NASDAQ:SFM) Target Price to $20.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target lowered by Wells Fargo & Co from $23.00 to $20.00 in a report issued on Friday, The Fly reports. The firm currently has a positive rating on the stock.

Several other equities research analysts have also recently commented on SFM. Deutsche Bank raised Sprouts Farmers Market from a hold rating to a buy rating in a report on Monday, April 29th. BidaskClub cut Sprouts Farmers Market from a hold rating to a sell rating in a report on Thursday, April 4th. ValuEngine cut Sprouts Farmers Market from a hold rating to a sell rating in a report on Tuesday, April 16th. Gordon Haskett cut Sprouts Farmers Market from a hold rating to a reduce rating and set a $21.87 price target for the company. in a report on Thursday, March 21st. Finally, Northcoast Research cut Sprouts Farmers Market from a buy rating to a neutral rating in a report on Friday, February 22nd. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. Sprouts Farmers Market currently has an average rating of Hold and an average price target of $25.51.

Shares of SFM stock opened at $18.88 on Friday. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 1.59 and a beta of 0.54. 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 has a 12-month low of $18.60 and a 12-month high of $29.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $413.90 million for the quarter, compared to the consensus estimate of $1.41 billion. Sprouts Farmers Market had a return on equity of 26.41% and a net margin of 2.78%. Sprouts Farmers Market’s revenue for the quarter was down 67.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 earnings per share. On average, research analysts predict that Sprouts Farmers Market will post 1.21 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC grew its stake 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 valued at $29,000 after buying an additional 625 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Sprouts Farmers Market by 143.0% in 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 in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Sprouts Farmers Market in the first quarter valued at $55,000. Quadrant Capital Group LLC grew its stake in shares of Sprouts Farmers Market by 4,318.8% in the first quarter. Quadrant Capital Group LLC now owns 2,828 shares of the company’s stock valued at $60,000 after buying an additional 2,764 shares in the last quarter. Finally, Hilton Capital Management LLC acquired a new stake in shares of Sprouts Farmers Market in the first quarter valued at $75,000. 98.15% of the stock is owned by institutional investors.

About Sprouts Farmers Market

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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