In a report released today, Edward Kelly from Wells Fargo maintained a Sell rating on Sprouts Farmers (SFM). The company’s shares closed last Thursday at $27.04, close to its 52-week high of $28.00.
According to TipRanks.com, Kelly is a 4-star analyst with an average return of 6.6% and a 68.0% success rate. Kelly covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Albertsons Companies, and Dollar General.
The word on The Street in general, suggests a Hold analyst consensus rating for Sprouts Farmers with a $24.83 average price target.
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Based on Sprouts Farmers’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.65 billion and net profit of $91.81 million. In comparison, last year the company earned revenue of $1.41 billion and had a net profit of $56.39 million.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SFM in relation to earlier this year. Most recently, in May 2020, Terri Graham, a Director at SFM sold 2,778 shares for a total of $69,672.
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.
