Analyst Rating Update on Sprouts Farmers Market (SFM)

Sprouts Farmers Market (SFM) has an average broker rating of 1.96, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 6 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 6 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 4, which is also a Sell.

Sprouts Farmers Market (SFM) : Average target price received by Sprouts Farmers Market (SFM) is $29.27 with an expected standard deviation of $4.13. The most aggressive target on the stock is $36, whereas the most downbeat target is $24. 11 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Goldman Sachs upgrades its outlook on Sprouts Farmers Market (NASDAQ:SFM). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Sell. The brokerage firm announces the price target at $29 per share. The rating by the firm was issued on July 26, 2016.


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 $22.82 and $22.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.25, notching a gain of 1.88% for the day. The total traded volume was 4,054,122 . The stock had closed at $22.82 on the previous day.

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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