Barclays Initiates Coverage on Sprouts Farmers Market Inc to Overweight

Barclays Initiates Coverage on Sprouts Farmers Market Inc(NASDAQ:SFM). The shares have been rated Overweight. The rating by Barclays was issued on Sep 23, 2016.

In a different note, On Sep 8, 2016, Deutsche Bank said it Downgrades its rating on Sprouts Farmers Market Inc. The shares have been rated ‘Hold’ by the firm. On Sep 8, 2016, Citigroup said it Maintains its rating on Sprouts Farmers Market Inc. In the research note, the firm Lowers the price-target to $28.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 8, 2016, Macquarie said it Maintains its rating on Sprouts Farmers Market Inc. In the research note, the firm Lowers the price-target to $35.00 per share. The shares have been rated ‘Outperform’ by the firm. On Sep 8, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Sprouts Farmers Market Inc. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 8, 2016, Northcoast Research said it Downgrades its rating on Sprouts Farmers Market Inc. The shares have been rated ‘Neutral’ by the firm. On Aug 8, 2016, Citigroup said it Maintains its rating on Sprouts Farmers Market Inc. In the research note, the firm Lowers the price-target to $33.00 per share. The shares have been rated ‘Buy’ by the firm.

Sprouts Farmers Market Inc (SFM) shares turned negative on Tuesdays trading session with the shares closing down -0.12 points or -0.59% at a volume of 16,69,417. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.35. The peak price level was also seen at $20.35 while the days lowest was $20.01. Finally the shares closed at $20.15. The 52-week high of the shares is $30 while the 52-week low is $18.7. According to the latest information available, the market cap of the company is $2,991 M.

Sprouts Farmers Market Inc(SFM) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.03B. Analysts had an estimated revenue of $1.05B. Earnings per share were $0.25. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On Sep 19, 2016, Bradley Lukow (CFO) purchased 2,000 shares at $20.05 per share price.Also, On Mar 22, 2016, James Douglas Sanders (director) sold 14,532 shares at $30.00 per share price.On Mar 11, 2016, Steven H Townsend (director) sold 10,000 shares at $27.85 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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