Fintel reports that on September 23, 2024, Melius Research initiated coverage of Sprouts Farmers Market (NasdaqGS:SFM) with a Hold recommendation.
Analyst Price Forecast Suggests 12.47% Downside
As of August 26, 2024, the average one-year price target for Sprouts Farmers Market is $92.51/share. The forecasts range from a low of $43.43 to a high of $116.55. The average price target represents a decrease of 12.47% from its latest reported closing price of $105.70 / share.
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The projected annual revenue for Sprouts Farmers Market is 7,366MM, an increase of 2.46%. The projected annual non-GAAP EPS is 2.56.
What is the Fund Sentiment?
There are 1,024 funds or institutions reporting positions in Sprouts Farmers Market. This is an increase of 86 owner(s) or 9.17% in the last quarter. Average portfolio weight of all funds dedicated to SFM is 0.30%, an increase of 7.30%. Total shares owned by institutions decreased in the last three months by 2.61% to 114,402K shares. 
The put/call ratio of SFM is 1.21, indicating a bearish outlook.
What are Other Shareholders Doing?
Renaissance Technologies holds 4,438K shares representing 4.43% ownership of the company. In its prior filing, the firm reported owning 3,845K shares , representing an increase of 13.37%. The firm increased its portfolio allocation in SFM by 61.63% over the last quarter.
Nordea Investment Management Ab holds 3,199K shares representing 3.19% ownership of the company. In its prior filing, the firm reported owning 3,337K shares , representing a decrease of 4.30%. The firm increased its portfolio allocation in SFM by 20.20% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,144K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 3,203K shares , representing a decrease of 1.89%. The firm increased its portfolio allocation in SFM by 23.83% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 3,125K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 3,162K shares , representing a decrease of 1.17%. The firm increased its portfolio allocation in SFM by 31.28% over the last quarter.
FLPSX - Fidelity Low-Priced Stock Fund holds 2,743K shares representing 2.74% ownership of the company. In its prior filing, the firm reported owning 3,723K shares , representing a decrease of 35.74%. The firm decreased its portfolio allocation in SFM by 4.53% over the last quarter.
Sprouts Farmers Market Background Information
(This description is provided by the company.)
Sprouts is the place where goodness grows. True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. Headquartered in Phoenix, and one of the fastest growing retailers in the country, Sprouts employs approximately 35,000 team members and operates more than 360 stores in 23 states nationwide.
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