BMO Capital Downgrades Sprouts Farmers Market Inc to Market Perform

Brokerage firm BMO Capital Downgrades its rating on Sprouts Farmers Market Inc(SFM). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the stock financial advisor at BMO Capital was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, William Blair said it Initiates Coverage On Sprouts Farmers Market Inc, according to a research note issued on Jan 20, 2017. The shares have been rated ‘Outperform’ by the firm. On Jan 19, 2017, Goldman Sachs said it Downgrades its rating on Sprouts Farmers Market Inc. The shares have been rated ‘Neutral’ by the firm.

Sprouts Farmers Market Inc (SFM) shares turned negative on Fridays trading session with the shares closing down -0.19 points or -0.83% at a volume of 40,36,123. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.26. The peak price level was also seen at $23.26 while the days lowest was $22.44. Finally the shares closed at $22.58. The 52-week high of the shares is $29.37 while the 52-week low is $17.38. According to the latest information available, the market cap of the company is $3,083 M.

Sprouts Farmers Market Inc(SFM) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.03B. Analysts had an estimated revenue of $1.05B. Earnings per share were $0.25. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On Feb 17, 2017, James Douglas Sanders (director) sold 45,000 shares at $18.80 per share price.Also, On Nov 14, 2016, Brandon F. Lombardi (Chief HR & Legal Officer) sold 22,959 shares at $21.03 per share price.On Sep 19, 2016, Bradley Lukow (CFO) purchased 2,000 shares at $20.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Sprouts Farmers Market Inc. is a food retailer. The Company operates as a grocery store that offers natural and organic food including produce bulk foods vitamins and supplements grocery meat and seafood bakery dairy frozen foods body care and natural household items. As of February 26 2015 the Company operated 198 stores in 12 states. The Company’s product offerings focus on fresh natural and organic foods. It categorizes its products as perishable and non-perishable. Perishable product categories include produce meat seafood deli and bakery. Non-perishable product categories include grocery vitamins and supplements bulk items dairy and dairy alternatives frozen foods beer and wine and natural health and body care.

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