Sprouts Farmers Market Inc (SFM) was Downgraded by Northcoast to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Northcoast advised their investors in a research report released on Aug 8, 2016.
Many Wall Street Analysts have commented on Sprouts Farmers Market Inc. Sprouts Farmers Market Inc was Upgraded by Goldman to ” Buy” on Jul 26, 2016. JP Morgan Initiated Sprouts Farmers Market Inc on Jul 18, 2016 to “Neutral”, Price Target of the shares are set at $24.Shares were Reiterated by Deutsche Bank on Jul 14, 2016 to “Buy” and Lowered the Price Target to $ 31 from a previous price target of $35 .
On the company’s financial health, Sprouts Farmers Market Inc reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.24. The company had revenue of $1031.60 million for the quarter, compared to analysts expectations of $1041.92 million. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Sprouts Farmers Market Inc opened for trading at $22.73 and hit $23.1 on the upside on Friday, eventually ending the session at $23, with a gain of 0.22% or 0.05 points. The heightened volatility saw the trading volume jump to 34,57,551 shares. Company has a market cap of $3,414 M.
In a different news, on May 31, 2016, Bradley Lukow (CFO) purchased 10,000 shares at $25.15 per share price. According to the SEC, on Mar 22, 2016, James Douglas Sanders (director) sold 14,532 shares at $30.00 per share price. On Mar 11, 2016, Steven H Townsend (director) sold 10,000 shares at $27.85 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 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.