Sprouts Farmers Market (NASDAQ:SFM) Stock Rating Upgraded by Wall Street Zen

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday.

A number of other brokerages also recently weighed in on SFM. Jefferies Financial Group raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research report on Friday, August 1st. Royal Bank Of Canada set a $148.00 price target on Sprouts Farmers Market and gave the stock an "outperform" rating in a research report on Monday, October 13th. Bank of America lowered their price target on Sprouts Farmers Market from $200.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on Sprouts Farmers Market from $159.00 to $124.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group decreased their target price on Sprouts Farmers Market from $209.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of "Moderate Buy" and an average price target of $165.79.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $106.25 on Friday. The stock's 50-day simple moving average is $123.62 and its 200 day simple moving average is $148.70. The company has a market cap of $10.38 billion, a P/E ratio of 21.86, a P/E/G ratio of 1.20 and a beta of 0.77. Sprouts Farmers Market has a 52-week low of $98.75 and a 52-week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.12. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The business's revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. As a group, equities analysts predict that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has initiated a share buyback program on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 868 shares of the stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $108.50, for a total transaction of $94,178.00. Following the sale, the insider owned 15,481 shares of the company's stock, valued at $1,679,688.50. This represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $103.00, for a total value of $416,635.00. Following the sale, the chief executive officer directly owned 174,740 shares in the company, valued at $17,998,220. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,429 shares of company stock valued at $5,351,362 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFM. Newbridge Financial Services Group Inc. bought a new stake in Sprouts Farmers Market during the second quarter worth $29,000. Dogwood Wealth Management LLC bought a new stake in Sprouts Farmers Market during the first quarter worth $30,000. Truvestments Capital LLC bought a new stake in Sprouts Farmers Market during the first quarter worth $35,000. SVB Wealth LLC bought a new stake in Sprouts Farmers Market during the first quarter worth $36,000. Finally, Brooklyn Investment Group lifted its stake in Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company's stock worth $37,000 after purchasing an additional 242 shares during the last quarter.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.

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