UBS analyst Mark Carden maintained a Hold rating on Sprouts Farmers (SFM) today and set a price target of $22.00. The company’s shares closed last Thursday at $19.02.
Carden has an average return of 3.7% when recommending Sprouts Farmers.
According to TipRanks.com, Carden is ranked #2854 out of 7012 analysts.
Sprouts Farmers has an analyst consensus of Hold, with a price target consensus of $26.33, a 31.7% upside from current levels. In a report issued on October 20, Gordon Haskett Capital Corporation also downgraded the stock to Hold with a $24.00 price target.
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Based on Sprouts Farmers’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.64 billion and net profit of $67 million. In comparison, last year the company earned revenue of $1.42 billion and had a net profit of $35.34 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SFM in relation to earlier this year.
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 operating 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. The company was founded by Stan Boney and Shon Alexander Boney on July 11, 2002 and is headquartered in Phoenix, AZ.
