BMO Capital Remains a Hold on Sprouts Farmers

By Austin Angelo

In a report released yesterday, Kelly Bania from BMO Capital reiterated a Hold rating on Sprouts Farmers (NASDAQ: SFM), with a price target of $24. The company’s shares closed yesterday at $19.72.

According to TipRanks.com, Bania is ranked 0 out of 5 stars with an average return of -6.5% and a 42.6% success rate. Bania covers the Services sector, focusing on stocks such as Performance Food Group, US Food Holdings Corp, and The Chefs’ Warehouse.

Sprouts Farmers has an analyst consensus of Moderate Buy, with a price target consensus of $25.60.

Based on Sprouts Farmers’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.18 billion and quarterly net profit of $40.97 million. In comparison, last year the company earned revenue of $1.03 billion and had a net profit of $37.21 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Brandon Lombardi, the Chief Legal Officer of SFM sold 20,000 shares for a total of $486,800.

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 the operation of healthy grocery store that offers fresh, natural and organic food. 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.