Northcoast Research upgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a neutral rating to a buy rating in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm currently has $22.00 price objective on the stock.
Other analysts have also recently issued reports about the company. Wells Fargo & Co lowered their price target on Sprouts Farmers Market from $23.00 to $20.00 and set a positive rating on the stock in a research report on Friday, June 21st. Sanford C. Bernstein upgraded Sprouts Farmers Market from an underperform rating to a market perform rating and set a $23.00 price target on the stock in a research report on Monday, June 24th. Bank of America reiterated an underperform rating and issued a $19.00 price target (down from $21.00) on shares of Sprouts Farmers Market in a research report on Wednesday, May 29th. Deutsche Bank upgraded Sprouts Farmers Market from a hold rating to a buy rating in a report on Monday, April 29th. Finally, CIBC restated a market perform rating on shares of Sprouts Farmers Market in a report on Tuesday, July 23rd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $23.17.
Shares of NASDAQ SFM opened at $17.90 on Thursday. The business has a fifty day simple moving average of $18.07 and a 200 day simple moving average of $20.85. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 3.02. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 2.01 and a beta of 0.40. Sprouts Farmers Market has a one year low of $16.46 and a one year high of $29.67.
Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Sprouts Farmers Market by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,763,323 shares of the company’s stock valued at $64,965,000 after acquiring an additional 130,215 shares during the last quarter. FMR LLC boosted its holdings in Sprouts Farmers Market by 10.9% in the fourth quarter. FMR LLC now owns 1,308,948 shares of the company’s stock valued at $30,773,000 after acquiring an additional 128,920 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Sprouts Farmers Market by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 1,292,059 shares of the company’s stock valued at $30,376,000 after acquiring an additional 87,675 shares during the last quarter. Virtu Financial LLC bought a new position in Sprouts Farmers Market in the first quarter valued at about $304,000. Finally, Sciencast Management LP bought a new position in Sprouts Farmers Market in the first quarter valued at about $329,000. Institutional investors own 97.67% of the company’s stock.
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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