The stock price of Sprouts Farmers Market nosedived 35.09% over the last 200 days, and is in strong down trend.
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Analysts at Jefferies Group boosted their Q4 2016 earnings per share (EPS) estimates for shares of Sprouts Farmers Market (NASDAQ:SFM) in a note issued to investors on Friday, according to Zacks.
So what: Sprouts shares have slumped sharply over the past six months on concerns over stiffening competition, but strong Q3 results – EPS of $0.21 on revenue of $903.1 million vs. the consensus of $0.19 and $897.9 million – coupled with upbeat full-year guidance suggests that those worries are a bit overblown. Sprouts Farmers Market has a 52 week low of $16.41 and a 52 week high of $38.45. The stock has a 50-day moving average of $22.04 and a 200-day moving average of $25.29.
There are now twenty-four analysts that cover Sprouts Farmers Market Inc stock. Of those twenty-four, thirteen have a Buy rating, eleven have a Hold rating.
Another research firm was Stephens & Co. who downgraded their Overweight rating to Equal-weight on August 7. Stock is trading in the real-time trading session with the total volume of 5.66 million shares, as compared to its average volume of 2.59 million shares.
Sprouts Farmers Market (NASDAQ:SFM) traded up 4.48% during trading on Friday, reaching $24.04. It has underperformed by 36.67% the S&P500.
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Sprouts Farmers Market, Inc. 44 funds bought stakes while 77 increased positions. Moreover, Friedberg Investment Management has 0.94% invested in the company for 92,240 shares. The Minnesota-based fund Arbor Capital Management Llc is also positive about the stock, possessing 2.07M shares or 0.68% of their portfolio. 1 analysts suggested buying the shares. The Insider selling transaction had a total value worth of $7,128. Fortunato Joe sold 7,500 shares worth $270,000. The rating is an average of the various different ratings given by analysts and brokers to Sprouts Farmers Market Incorporated, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois. The 52-week high of the share price is $38.45 and the company has a market cap of $3,534 million. The Companys product offerings focus on fresh, natural and organic foods. It has 31.96 P/E ratio. As of February 26, 2015, the Company operated 198 stores in 12 states. (NASDAQ:SFM): On Thursday heightened volatility was witnessed in Sprouts Farmers Market, Inc.
