Sprouts Farmers Market (SFM) : Zacks Investment Research ranks Sprouts Farmers Market (SFM) as 5, which is a Strong Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.96, which indicates as a Buy.
Sprouts Farmers Market (SFM) stock is expected to deviate a maximum of $5.66 from the average target price of $26.5 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $36 and the most muted being $20.
Also, Major Brokerage house, Deutsche Bank downgrades its ratings on Sprouts Farmers Market (NASDAQ:SFM). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on September 8, 2016.
Sprouts Farmers Market (NASDAQ:SFM): After opening at $19.23, the stock dipped to an intraday low of $19.21 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $20.09 and the buying power remained strong till the end. The stock closed at $20.02 for the day, a gain of 3.73% for the day session. The total traded volume was 3,689,821. The stocks close on the previous trading day was $19.3.
Sprouts Farmers Market, Inc. is a food retailer. The Company operates as a grocery store that offers natural and organic food, including produce, bulk foods, vitamins and supplements, grocery, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. As of February 26, 2015, the Company operated 198 stores in 12 states. The Companys product offerings focus on fresh, natural and organic foods. It categorizes its products as perishable and non-perishable. Perishable product categories include produce, meat, seafood, deli and bakery. Non-perishable product categories include grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and natural health and body care.