Sprouts Farmers Market (SFM): Price Target and June Short Interest Disclosure

Sprouts Farmers Market (SFM) : 12 Wall Street analysts covering Sprouts Farmers Market (SFM) believe that the average level the stock could reach for the short term is $30. The maximum price target given is $36 and the minimum target for short term is around $24, hence the standard deviation is calculated at $4.05.

Sprouts Farmers Market (SFM), A rise of 1,361,438 shares or 9.4% was seen in the short interest of Sprouts Farmers Market, Inc.. Even as the interest increased from 14,534,465 shares on June 15,2016 to 15,895,903 shares on June 30,2016, the days to cover came in at 7. The updated interest stood at 11.2% of the stocks floats. The stock has seen an average daily volume of 2,381,283 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Goldman Sachs downgrades its view on Sprouts Farmers Market (NASDAQ:SFM) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. Goldman Sachs lowers the price target from $24 per share to $22 per share on Sprouts Farmers Market . The rating by the firm was issued on May 10, 2016.


Sprouts Farmers Market (NASDAQ:SFM): On Thursdays trading session , Opening price of the stock was $23.74 with an intraday high of $23.94. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.63. However, the stock managed to close at $23.71, a loss of 0.13% for the day. On the previous day, the stock had closed at $23.74. The total traded volume of the day was 2,072,113 shares.

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.

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