Analysts at Citigroup assumed coverage on shares of Sprouts Farmers Market (NASDAQ:SFM) in a research note issued to investors on Friday. The brokerage set a “buy” rating on the stock.

A number of other brokerages also recently issued reports on SFM. Zacks Investment Research downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Credit Suisse Group began coverage on Sprouts Farmers Market in a research report on Tuesday, April 17th. They set a “neutral” rating and a $26.00 price target on the stock. ValuEngine raised Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. BidaskClub raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. Finally, Susquehanna Bancshares set a $27.00 price target on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, May 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.39.

Sprouts Farmers Market traded up $0.42, reaching $22.85, during trading hours on Friday, Marketbeat Ratings reports. The company’s stock had a trading volume of 11,135 shares, compared to its average volume of 1,704,679. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 1.39 and a beta of 0.83. Sprouts Farmers Market has a 12 month low of $17.55 and a 12 month high of $28.29. The company has a quick ratio of 0.24, a current ratio of 1.00 and a debt-to-equity ratio of 0.76.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Sprouts Farmers Market had a net margin of 3.71% and a return on equity of 24.93%. Sprouts Farmers Market’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. sell-side analysts expect that Sprouts Farmers Market will post 1.25 EPS for the current year.

In other Sprouts Farmers Market news, CEO Amin N. Maredia sold 12,303 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $22.03, for a total value of $271,035.09. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO James Leroy Nielsen sold 1,165 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $22.03, for a total transaction of $25,664.95. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Quad Capital Management Advisors LLC purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at $365,000. Clark Capital Management Group Inc. purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at $2,557,000. LPL Financial LLC boosted its holdings in Sprouts Farmers Market by 13.8% in the fourth quarter. LPL Financial LLC now owns 46,302 shares of the company’s stock valued at $1,127,000 after purchasing an additional 5,603 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at $2,829,000. Finally, Teachers Advisors LLC boosted its holdings in Sprouts Farmers Market by 203.0% in the fourth quarter. Teachers Advisors LLC now owns 909,129 shares of the company’s stock valued at $22,137,000 after purchasing an additional 609,094 shares during the last quarter. 92.49% of the stock is currently 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, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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