Somewhat Positive Media Coverage Somewhat Unlikely to Impact Sprouts Farmers Market (NASDAQ:SFM) Stock Price

Media stories about Sprouts Farmers Market (NASDAQ:SFM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sprouts Farmers Market earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.0364214065743 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Sprouts Farmers Market (NASDAQ:SFM) traded up $0.28 during midday trading on Thursday, reaching $26.94. 1,851,600 shares of the company’s stock traded hands, compared to its average volume of 1,985,189. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Sprouts Farmers Market has a 12 month low of $17.38 and a 12 month high of $28.29. The firm has a market cap of $3,547.66, a PE ratio of 27.86, a PEG ratio of 1.88 and a beta of 0.80.

SFM has been the topic of several research reports. Gordon Haskett raised shares of Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, January 31st. BidaskClub raised shares of Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 target price on shares of Sprouts Farmers Market in a research note on Wednesday, January 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $32.00 target price on shares of Sprouts Farmers Market in a research note on Friday, February 2nd. Finally, Oppenheimer lifted their target price on shares of Sprouts Farmers Market from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $26.33.

In other news, Director Shon A. Boney sold 17,221 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $26.71, for a total transaction of $459,972.91. Following the completion of the sale, the director now owns 18,591 shares in the company, valued at approximately $496,565.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James Leroy Nielsen sold 110,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $23.17, for a total transaction of $2,548,700.00. Following the sale, the chief operating officer now owns 207,108 shares of the company’s stock, valued at approximately $4,798,692.36. The disclosure for this sale can be found here. Insiders have sold a total of 1,651,481 shares of company stock valued at $42,706,303 in the last quarter. 2.60% of the stock is currently owned by company insiders.

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Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Insider Buying and Selling by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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