Sprouts Farmers Market (NASDAQ:SFM) Upgraded to “Hold” at Gordon Haskett

Gordon Haskett upgraded shares of Sprouts Farmers Market (NASDAQ:SFM) from a reduce rating to a hold rating in a research note published on Tuesday morning, Benzinga reports.

A number of other research analysts have also issued reports on SFM. Barclays reiterated a hold rating and set a $19.00 price target on shares of Sprouts Farmers Market in a research report on Friday, November 1st. Cfra lowered Sprouts Farmers Market from a strong-buy rating to a buy rating in a research report on Thursday, October 31st. Wells Fargo & Co lowered Sprouts Farmers Market from an equal weight rating to an underweight rating and reduced their price target for the stock from $18.00 to $16.00 in a research report on Friday, January 17th. Zacks Investment Research lowered Sprouts Farmers Market from a hold rating to a sell rating and set a $20.00 price target for the company. in a research report on Wednesday, October 23rd. Finally, UBS Group lowered Sprouts Farmers Market from a buy rating to a neutral rating and reduced their price target for the stock from $23.00 to $17.00 in a research report on Thursday, January 30th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $19.44.

Shares of SFM stock opened at $15.45 on Tuesday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.27 and a current ratio of 0.87. Sprouts Farmers Market has a 1 year low of $14.51 and a 1 year high of $25.18. The stock has a fifty day moving average of $17.07 and a two-hundred day moving average of $18.47. The firm has a market capitalization of $1.83 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.05 and a beta of 0.44.

In other news, insider Theodore Edward Frumkin II sold 50,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $20.12, for a total value of $1,006,000.00. Also, insider David Mcglinchey sold 1,655 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $19.96, for a total value of $33,033.80. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in SFM. Quadrant Capital Group LLC raised its position in shares of Sprouts Farmers Market by 77.4% during the third quarter. Quadrant Capital Group LLC now owns 1,646 shares of the company’s stock worth $31,000 after purchasing an additional 718 shares during the period. 6 Meridian raised its position in shares of Sprouts Farmers Market by 3.3% during the fourth quarter. 6 Meridian now owns 31,270 shares of the company’s stock worth $605,000 after purchasing an additional 987 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Sprouts Farmers Market by 0.3% during the third quarter. Great West Life Assurance Co. Can now owns 344,789 shares of the company’s stock worth $6,680,000 after purchasing an additional 1,058 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter worth $26,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Sprouts Farmers Market by 11.9% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,673 shares of the company’s stock worth $202,000 after purchasing an additional 1,135 shares during the period. Institutional investors and hedge funds own 90.97% 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.

Further Reading: What is a stock buyback?

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.