Somewhat Positive Press Coverage Likely to Impact Sprouts Farmers Market (NASDAQ:SFM) Share Price

Headlines about Sprouts Farmers Market (NASDAQ:SFM) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sprouts Farmers Market earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the company an impact score of 78 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

Several research analysts have issued reports on SFM shares. BMO Capital Markets cut Sprouts Farmers Market from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $21.83 to $24.00 in a research report on Tuesday, March 21st. OTR Global cut Sprouts Farmers Market to a “neutral” rating in a research report on Wednesday, April 26th. Deutsche Bank AG reissued a “hold” rating on shares of Sprouts Farmers Market in a research report on Friday, May 12th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Sprouts Farmers Market in a research report on Wednesday, March 22nd. Finally, Morgan Stanley cut Sprouts Farmers Market from an “overweight” rating to an “equal” rating and raised their target price for the stock from $21.00 to $23.00 in a research report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $24.90.

Sprouts Farmers Market (SFM) traded down 0.68% during mid-day trading on Monday, reaching $23.40. The company’s stock had a trading volume of 2,828,058 shares. Sprouts Farmers Market has a 12-month low of $17.38 and a 12-month high of $25.98. The firm’s 50 day moving average is $23.42 and its 200-day moving average is $21.24. The company has a market cap of $3.22 billion, a PE ratio of 27.50 and a beta of 0.51.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, May 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Sprouts Farmers Market had a return on equity of 17.33% and a net margin of 2.97%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. Equities analysts anticipate that Sprouts Farmers Market will post $0.91 earnings per share for the current fiscal year.

In other news, COO Dan J. Sanders sold 21,976 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $24.23, for a total value of $532,478.48. Following the transaction, the chief operating officer now owns 36,771 shares in the company, valued at $890,961.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amin N. Maredia sold 13,448 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $22.71, for a total value of $305,404.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,246 shares of company stock worth $2,840,927. Company insiders own 2.60% of the company’s stock.

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Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Insider Buying and Selling by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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