Sprouts Farmers Market (SFM) has an average broker rating of 1.97, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Sprouts Farmers Market (SFM) : The most positive equity analysts on Sprouts Farmers Market (SFM) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $30 with an expected fluctuation of $4.05 from the mean.
Sprouts Farmers Market (NASDAQ:SFM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.74 and $22.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.12, notching a gain of 1.63% for the day. The total traded volume was 6,466,550 . The stock had closed at $22.75 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, downgrades their rating on the shares of Sprouts Farmers Market (NASDAQ:SFM). Goldman Sachs has a Sell rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $22 per share from a prior target of $24. The rating by the firm was issued on May 10, 2016. The company shares have dropped -14.86% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $30.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $23.51 and the 200 Day Moving Average price is recorded at $25.69.
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.