Sprouts Farmers Market (NASDAQ:SFM) Stock Price Passes Below 50-Day Moving Average of $19.57

Sprouts Farmers Market Inc (NASDAQ:SFM) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $19.57 and traded as low as $17.92. Sprouts Farmers Market shares last traded at $18.01, with a volume of 88,914 shares changing hands.

Several research firms have recently weighed in on SFM. Barclays reiterated a “hold” rating and issued a $19.00 price target on shares of Sprouts Farmers Market in a report on Friday, November 1st. ValuEngine raised shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $20.00 price objective on the stock. in a report on Wednesday, October 23rd. Cfra cut shares of Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, BidaskClub lowered shares of Sprouts Farmers Market from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 25th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.78.

The company has a current ratio of 0.87, a quick ratio of 0.27 and a debt-to-equity ratio of 2.92. The firm’s 50 day simple moving average is $19.57 and its 200-day simple moving average is $18.84. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 2.54 and a beta of 0.36.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Sprouts Farmers Market had a net margin of 2.36% and a return on equity of 25.50%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. As a group, equities research analysts predict that Sprouts Farmers Market Inc will post 1.12 earnings per share for the current year.

In other Sprouts Farmers Market news, insider Theodore Edward Frumkin II sold 50,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $20.12, for a total value of $1,006,000.00. Also, insider David Mcglinchey sold 1,655 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $19.96, for a total transaction of $33,033.80. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Jefferies Group LLC raised its stake in Sprouts Farmers Market by 165.3% in the second quarter. Jefferies Group LLC now owns 229,203 shares of the company’s stock valued at $4,330,000 after buying an additional 142,812 shares during the period. Morgan Stanley increased its holdings in shares of Sprouts Farmers Market by 182.4% during the 2nd quarter. Morgan Stanley now owns 468,899 shares of the company’s stock worth $8,859,000 after acquiring an additional 302,852 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at $4,307,000. AQR Capital Management LLC raised its stake in Sprouts Farmers Market by 1,362.8% in the 2nd quarter. AQR Capital Management LLC now owns 144,714 shares of the company’s stock valued at $2,734,000 after acquiring an additional 134,821 shares during the period. Finally, California Public Employees Retirement System raised its stake in Sprouts Farmers Market by 31.2% in the 3rd quarter. California Public Employees Retirement System now owns 252,681 shares of the company’s stock valued at $4,887,000 after acquiring an additional 60,143 shares during the period. 91.40% of the stock is currently owned by institutional investors.

Sprouts Farmers Market Company Profile (NASDAQ:SFM)

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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