Sprouts Farmers Gets a Hold Rating from Susquehanna


In a report issued on June 7, Renato Basanta from Susquehanna maintained a Hold rating on Sprouts Farmers (NASDAQ: SFM). The company’s shares closed on Friday at $21.35.

According to TipRanks.com, Basanta is ranked #3788 out of 4828 analysts.

Sprouts Farmers has an analyst consensus of Moderate Buy, with a price target consensus of $24.50.

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Based on Sprouts Farmers’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $66.62 million. In comparison, last year the company had a net profit of $46.29 million.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.

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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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