Across the recent three months, 9 analysts have shared their insights on Sprouts Farmers Market (NASDAQ:SFM), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 0 | 6 | 2 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 3 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 2 | 2 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $70.11, a high estimate of $94.00, and a low estimate of $40.00. This current average has increased by 11.87% from the previous average price target of $62.67.
Decoding Analyst Ratings: A Detailed Look
The standing of Sprouts Farmers Market among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kate McShane | Goldman Sachs | Raises | Buy | $89.00 | $78.00 |
| Michael Morris | Evercore ISI Group | Raises | In-Line | $77.00 | $75.00 |
| Mark Carden | UBS | Raises | Neutral | $94.00 | $68.00 |
| Michael Morris | Evercore ISI Group | Raises | In-Line | $75.00 | $74.00 |
| Michael Morris | Evercore ISI Group | Raises | In-Line | $70.00 | $68.00 |
| Krisztina Katai | Deutsche Bank | Raises | Hold | $63.00 | $60.00 |
| Kelly Bania | BMO Capital | Raises | Underperform | $40.00 | $31.00 |
| Edward Kelly | Wells Fargo | Raises | Underweight | $62.00 | $48.00 |
| Michael Morris | Evercore ISI Group | Lowers | In-Line | $61.00 | $62.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Sprouts Farmers Market. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Sprouts Farmers Market compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Sprouts Farmers Market's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Sprouts Farmers Market's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Sprouts Farmers Market analyst ratings.
Discovering Sprouts Farmers Market: A Closer Look
Sprouts Farmers Market Inc offers a unique specialty grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts inspire wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. The company continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based, and gluten-free. It approximately has 407 stores in 23 states. It is one of the largest and fastest-growing specialty retailers of fresh, natural and organic food in the United States.
Unraveling the Financial Story of Sprouts Farmers Market
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Sprouts Farmers Market showcased positive performance, achieving a revenue growth rate of 8.68% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Staples sector.
Net Margin: Sprouts Farmers Market's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.06% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Sprouts Farmers Market's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 9.67%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Sprouts Farmers Market's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.36% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Sprouts Farmers Market's debt-to-equity ratio is below the industry average at 1.41, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.