Oppenheimer Maintains a Buy Rating on Sprouts Farmers (SFM)


Oppenheimer analyst Rupesh Parikh maintained a Buy rating on Sprouts Farmers (NASDAQ: SFM) today. The company’s shares closed yesterday at $27.60.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 16.5% and a 64.6% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.

Sprouts Farmers has an analyst consensus of Moderate Buy, with a price target consensus of $26.43, a -4.2% downside from current levels. In a report issued on September 10, UBS also maintained a Buy rating on the stock with a $33 price target.

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The company has a one-year high of $29.67 and a one-year low of $17.55. Currently, Sprouts Farmers has an average volume of 1.72M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sprouts Farmers Markets, Inc. engages in the provision of healthy grocery stores. It specializes in fresh, natural, and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care, and natural household items.

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