Wolfe Research Upgrades Sprouts Farmers Market Inc to Outperform

Brokerage firm Wolfe Research Upgrades its rating on Sprouts Farmers Market Inc(NASDAQ:SFM). The shares have been rated Outperform. Previously, the analysts had a Peer Perform rating on the shares. The rating by Wolfe Research was issued on Apr 12, 2016.

In a different note, On Mar 21, 2016, Deutsche Bank said it Maintains its rating on Sprouts Farmers Market Inc. In the research note, the firm Raises the price-target to $32.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 26, 2016, Stifel Nicolaus said it Maintains its rating on Sprouts Farmers Market Inc. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Buy’ by the firm. Stifel Nicolaus said it Initiates Coverage on Sprouts Farmers Market Inc, according to a research note issued on Feb 12, 2016. The shares have been rated ‘Buy’ by the firm. On Feb 3, 2016, OTR Global said it Upgrades its rating on Sprouts Farmers Market Inc. The shares have been rated ‘Mixed’ by the firm. Wells Fargo said it Initiates Coverage on Sprouts Farmers Market Inc, according to a research note issued on Jan 22, 2016. The shares have been rated ‘Outperform’ by the firm.

Sprouts Farmers Market Inc (SFM) made into the market gainers list on Fridays trading session with the shares advancing 0.57% or 0.16 points. Due to strong positive momentum, the stock ended at $28.2, which is also near the day’s high of $28.3962. The stock began the session at $28.08 and the volume stood at 12,94,176 shares. The 52-week high of the shares is $34.52 and the 52 week low is $16.41. The company has a current market capitalization of $4,240 M and it has 15,03,58,920 shares in outstanding.

Sprouts Farmers Market Inc(SFM) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $930.30M. Analysts had an estimated revenue of $912.71M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.16.

Several Insider Transactions has been reported to the SEC. On Mar 22, 2016, James Douglas Sanders (director) sold 14,532 shares at $30.00 per share price.Also, On Mar 11, 2016, Steven H Townsend (director) sold 10,000 shares at $27.85 per share price.On Mar 11, 2016, Theodore Edward Ii Frumkin (Chief Development Officer) sold 36,667 shares at $27.48 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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