Sprouts Farmers Market Inc (SFM) is Upgraded by Jefferies to Buy, Price Target at $24

Sprouts Farmers Market Inc (SFM) was Upgraded by Jefferies to ” Buy” and the brokerage firm has set the Price Target at $24. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on Sprouts Farmers Market Inc. Shares were Reiterated by RBC Capital Mkts on Sep 9, 2016 to “Outperform” and Lowered the Price Target to $ 31 from a previous price target of $33 .Sprouts Farmers Market Inc was Downgraded by Northcoast to ” Neutral” on Aug 8, 2016. Sprouts Farmers Market Inc was Upgraded by Goldman to ” Buy” on Jul 26, 2016.

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 closed down -0.12 points or -0.59% at $20.15 with 16,69,417 shares getting traded on Tuesday. Post opening the session at $20.25, the shares hit an intraday low of $20.01 and an intraday high of $20.35 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 19, 2016, Bradley Lukow (CFO) purchased 2,000 shares at $20.05 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 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.

Sprouts Farmers Market Inc

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