(NASDAQ:SFM) announced updated guidance in advance of participation in the Goldman Sachs 23rd Annual Global Retailing Conference on September 8, 2016. The firm now has a $31.00 target price on the stock, down from their previous target price of $33.00.
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Analysts’ mean recommendation for Sprouts Farmers Market, Inc.’s (SFM) stands at 2.20. Credit Suisse Group AG restated a buy rating and set a $28.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, August 8th.
08/08/2016 – Sprouts Farmers Market, Inc. was downgraded to “neutral” by analysts at Northcoast Research.
In taking a look at where analysts believe the stock is headed, the covering brokerages have a one year target price of $108.75 on the shares. It has been suggested as “Buy Opinions” from 5 and 0 issued “Sell Thoughts” for the stock. The mean price target is calculated keeping in view the consensus of 17 brokerage firms.
The share price of the company (NASDAQ:SFM) was up +0.93%, with a high of 19.70 during the day and the volume of Sprouts Farmers Market, Inc. shares traded was 5203495.
Currently, the stock carries a price to earnings ratio of 21.01, a price to book ratio of 3.68, and a price to sales ratio of 0.75.
The 52 week high of Sprouts Farmers Market’s shares is 30 whilst the 52 week low for the company’s shares is 19.
During the last trading session, the stock’s price changed -22.760% below its 200 day moving average of $25.136 and moving -14.287% downbeat it’s SMA 50 of $22.651.
Most recently, the company posted quarterly earnings per share of $3.03 for the period ending on 2016-06-30. The reported earnings topped the analyst’s consensus by $0.01 with the surprise factor of 4.20%. Sprouts Farmers Market had a return on equity of 17.77% and a net margin of 3.72%.
According to 16 analysts, Sprouts Farmers Market Inc (NASDAQ:SFM)’s revenue estimates for the current quarter are $1.04B meanwhile the company has high revenue estimates of $1.06B in contradiction of low revenue estimates of $991M. The difference between actual earnings and estimated earnings was $0.01 per share. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 4.2%.
A number of Reuters analysts recently commented on the stock.
07/29/2016 – Sprouts Farmers Market, Inc. was upgraded to “strong buy” by analysts at Vetr Inc. During the last six months the stock slipped -29.92%. Ramsey Quantitative Systems raised its stake in shares of Sprouts Farmers Market by 5.5% in the first quarter. Rehmann Capital Advisory Group now owns 7,948 shares of the company’s stock worth $231,000 after buying an additional 343 shares during the last quarter.
08/05/2016 – Sprouts Farmers Market, Inc. had its “neutral” rating reiterated by analysts at Piper Jaffray. The company’s institutional ownership is monitored at 46.8%.
Sprouts Farmers Market, Inc.is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items.
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Williams Companies, Inc. (NYSE:WMB) issued the statement regarding Enterprise Products Partners L.P.’s (NYSE:EPD) recent announcement: Williams confirms that, since July, Williams has had a series of exchanges with Enterprise regarding a potential combination. Its perishable product category includes produce, meat, seafood, deli and bakery.
