Sprouts Farmers Market (NASDAQ:SFM) : 15 analysts are covering Sprouts Farmers Market (NASDAQ:SFM) and their average rating on the stock is 1.97, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Sprouts Farmers Market (NASDAQ:SFM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Sprouts Farmers Market (NASDAQ:SFM) : Currently there are 12 street experts covering Sprouts Farmers Market (NASDAQ:SFM) stock. The most bullish and bearish price target for the stock is $36 and $24 respectively for the short term. The average price target of all the analysts comes to $30. The estimated standard deviation from the target is $4.05.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Goldman Sachs downgrades its rating on Sprouts Farmers Market (NASDAQ:SFM). The rating major has initiated the coverage with sell rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Goldman Sachs lowers the price target from $24 per share to $22 per share. The rating by the firm was issued on May 10, 2016.
Sprouts Farmers Market (NASDAQ:SFM): stock turned positive on Tuesday. Though the stock opened at $21.92, the bulls momentum made the stock top out at $22.238 level for the day. The stock recorded a low of $21.525 and closed the trading day at $21.97, in the green by 1.62%. The total traded volume for the day was 2,321,144. The stock had closed at $21.62 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Sprouts Farmers Market, Inc., Lukow Bradley, had purchased 10,000 shares in a transaction dated on May 26, 2016. The transaction was executed at $25.15 per share with total amount equaling $251,500.
Sprouts Farmers Market, Inc. is a food retailer. The Company 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. As of February 26, 2015, the Company operated 198 stores in 12 states. The Companys product offerings focus on fresh, natural and organic foods. It categorizes its products as perishable and non-perishable. Perishable product categories include produce, meat, seafood, deli and bakery. Non-perishable product categories include grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and natural health and body care.