The stock of Sprouts Farmers Market Inc (NASDAQ:SFM) is a huge mover today! About 2.57 million shares traded hands. Sprouts Farmers Market Inc (NASDAQ:SFM) has declined 28.35% since February 26, 2016 and is downtrending. It has underperformed by 38.78% the S&P500.
The move comes after 6 months positive chart setup for the $3.04B company. It was reported on Oct, 1 by Barchart.com. We have $31.05 PT which if reached, will make NASDAQ:SFM worth $1.52 billion more.
Analysts await Sprouts Farmers Market Inc (NASDAQ:SFM) to report earnings on November, 3. They expect $0.22 EPS, up 4.76% or $0.01 from last year’s $0.21 per share. SFM’s profit will be $32.31M for 23.52 P/E if the $0.22 EPS becomes a reality. After $0.25 actual EPS reported by Sprouts Farmers Market Inc for the previous quarter, Wall Street now forecasts -12.00% negative EPS growth.
Sprouts Farmers Market Inc (NASDAQ:SFM) Ratings Coverage
Out of 14 analysts covering Sprouts Farmers Market (NASDAQ:SFM), 8 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 57% are positive. Sprouts Farmers Market has been the topic of 32 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Hold” rating in Friday, August 7 report. The stock of Sprouts Farmers Market Inc (NASDAQ:SFM) has “Outperform” rating given on Friday, January 22 by Wells Fargo. The rating was maintained by Deutsche Bank on Friday, August 7 with “Hold”. BB&T Capital downgraded the shares of SFM in a report on Friday, August 7 to “Buy” rating. The firm earned “Buy” rating on Tuesday, July 26 by Goldman Sachs. Oppenheimer maintained Sprouts Farmers Market Inc (NASDAQ:SFM) on Friday, August 7 with “Perform” rating. Stifel Nicolaus maintained the shares of SFM in a report on Friday, February 26 with “Buy” rating. The stock has “Equal Weight” rating given by Stephens on Friday, August 7. Jefferies initiated the shares of SFM in a report on Wednesday, August 26 with “Hold” rating. The firm has “Overweight” rating given on Friday, September 23 by Barclays Capital.
According to Zacks Investment Research, “Sprouts Farmers Markets, LLC engages in the retailing of natural and organic food primarily in the United States. The Company offers fresh produce, meats, cheeses, dairy, bakery, beer and wine, bulk foods, vitamins, and supplements. Sprouts Farmers Markets, LLC is based in Phoenix, Arizona.”
Insitutional Activity: The institutional sentiment decreased to 1.41 in 2016 Q2. Its down 0.20, from 1.61 in 2016Q1. The ratio worsened, as 43 funds sold all Sprouts Farmers Market Inc shares owned while 59 reduced positions. 42 funds bought stakes while 102 increased positions. They now own 133.94 million shares or 0.50% more from 133.27 million shares in 2016Q1.
Ameriprise holds 886,277 shares or 0.01% of its portfolio. Voya Investment Ltd Com accumulated 95,727 shares or 0.01% of the stock. Gemmer Asset Ltd Liability Corporation last reported 118 shares in the company. Enterprise Fin Svcs accumulated 63 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 7,086 shares in its portfolio. Federated Invsts Inc Pa accumulated 0.07% or 1.12 million shares. Grandeur Peak Global Advsrs Ltd Limited Liability Company has 0.91% invested in the company for 156,375 shares. Cantab Prtnrs Llp last reported 24,307 shares in the company. Texas Permanent School Fund holds 0.03% of its portfolio in Sprouts Farmers Market Inc (NASDAQ:SFM) for 108,345 shares. Moreover, State Treasurer State Of Michigan has 0.01% invested in Sprouts Farmers Market Inc (NASDAQ:SFM) for 56,900 shares. Old Mutual Invsts (Uk) Ltd holds 257,447 shares or 0.11% of its portfolio. Renaissance Technologies Ltd Llc holds 541,500 shares or 0.02% of its portfolio. Atlantic Grp Ltd holds 342,479 shares or 0.06% of its portfolio. First Quadrant Limited Partnership Ca reported 449,400 shares or 0.23% of all its holdings. Blackrock Inv Mgmt has invested 0.01% of its portfolio in Sprouts Farmers Market Inc (NASDAQ:SFM).
Insider Transactions: Since May 26, 2016, the stock had 3 insider purchases, and 0 selling transactions for $486,090 net activity. Lukow Bradley also bought $194,455 worth of Sprouts Farmers Market Inc (NASDAQ:SFM) on Monday, September 12.
More important recent Sprouts Farmers Market Inc (NASDAQ:SFM) news were published by: Bizjournals.com which released: “Sprouts Farmers Market confirms first Florida store will open in Tampa” on September 29, 2016, also Fool.com published article titled: “Why Sprouts Farmers Market Inc. Stock Tumbled Wednesday”, Investorplace.com published: “Bear of the Day: Sprouts Farmers Market Inc (SFM)” on September 12, 2016. More interesting news about Sprouts Farmers Market Inc (NASDAQ:SFM) was released by: Forbes.com and their article: “How Lower Food Prices Are Eating At Kroger, Supervalu and Sprouts Farmers Market” with publication date: September 09, 2016.
SFM Company Profile
Sprouts Farmers Market, Inc., incorporated on January 27, 2011, is a food retailer. The Firm 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. The Company’s product offerings focus on fresh, natural and organic foods. The Firm categorizes its products as perishable and non-perishable. The Company’s perishable product category includes produce, meat, seafood, deli and bakery. The Company’s non-perishable product category includes grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and body care and natural household items. The Firm operates through approximately 225 stores in over 15 states.
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