In today’s session Sprouts Farmers Market Inc (SFM) recorded an unusually high (722) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SFM decrease. With 722 contracts traded and 5544 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SFM161216P00020000 closed last at: $0.95 or 90% up. About 487,550 shares traded hands. Sprouts Farmers Market Inc (NASDAQ:SFM) has declined 27.45% since April 5, 2016 and is downtrending. It has underperformed by 29.41% the S&P500.
Sprouts Farmers Market Inc (NASDAQ:SFM) Ratings Coverage
Out of 14 analysts covering Sprouts Farmers Market (NASDAQ:SFM), 8 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 57% are positive. $38 is the highest target while $20 is the lowest. The $26.90 average target is 29.08% above today’s ($20.84) stock price. Sprouts Farmers Market has been the topic of 32 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Sprouts Farmers Market Inc (NASDAQ:SFM) earned “Buy” rating by BB&T Capital on Friday, August 7. On Friday, January 22 the stock rating was initiated by Wells Fargo with “Outperform”. The firm has “Perform” rating given on Friday, August 7 by Oppenheimer. The company was initiated on Monday, July 18 by JP Morgan. The stock has “Overweight” rating given by Barclays Capital on Friday, September 23. Stifel Nicolaus maintained it with “Buy” rating and $31 target price in Friday, February 26 report. The firm earned “Sell” rating on Tuesday, May 10 by Goldman Sachs. The rating was initiated by Jefferies on Wednesday, August 26 with “Hold”. Stifel Nicolaus initiated Sprouts Farmers Market Inc (NASDAQ:SFM) rating on Friday, February 12. Stifel Nicolaus has “Buy” rating and $27 price target. The stock has “Hold” rating given by Deutsche Bank on Friday, August 7.
According to Zacks Investment Research, “Sprouts Farmers Markets, LLC engages in the retailing of natural and organic food primarily in the United States. The Company offers fresh produce, meats, cheeses, dairy, bakery, beer and wine, bulk foods, vitamins, and supplements. Sprouts Farmers Markets, LLC is based in Phoenix, Arizona.”
Insitutional Activity: The institutional sentiment decreased to 1.41 in 2016 Q2. Its down 0.20, from 1.61 in 2016Q1. The ratio is negative, as 43 funds sold all Sprouts Farmers Market Inc shares owned while 59 reduced positions. 42 funds bought stakes while 102 increased positions. They now own 133.94 million shares or 0.50% more from 133.27 million shares in 2016Q1.
Numeric Investors Lc, a Massachusetts-based fund reported 102,100 shares. Aperio Grp Lc reported 31,198 shares or 0.01% of all its holdings. Envestnet Asset Mngmt owns 8,035 shares or 0% of their US portfolio. State Street Corporation has 4.07 million shares for 0.01% of their US portfolio. Moreover, Ellington Mngmt Gp Ltd Limited Liability Company has 0.35% invested in Sprouts Farmers Market Inc (NASDAQ:SFM) for 11,000 shares. Harvest Capital Strategies Limited Liability Corp last reported 200,000 shares in the company. Sei Invs Company last reported 4,148 shares in the company. Fincl Bank Of New York Mellon reported 2.17 million shares or 0.02% of all its holdings. The California-based Menta Cap Ltd Liability Co has invested 0.07% in Sprouts Farmers Market Inc (NASDAQ:SFM). Liberty Mutual Gru Asset Mngmt holds 0.05% or 61,342 shares in its portfolio. Reynders Mcveigh Cap last reported 0.29% of its portfolio in the stock. Robecosam Ag accumulated 32,904 shares or 0.07% of the stock. Principal Fin Group Inc holds 0.02% or 541,071 shares in its portfolio. The Illinois-based Hightower Advsr Llc has invested 0% in Sprouts Farmers Market Inc (NASDAQ:SFM). Vanguard Gru accumulated 10.81 million shares or 0.02% of the stock.
Insider Transactions: Since May 26, 2016, the stock had 3 buys, and 0 selling transactions for $486,090 net activity. Lukow Bradley had bought 10,000 shares worth $194,455 on Monday, September 12.
Sprouts Farmers Market, Inc. is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The company has a market cap of $3.08 billion. The Firm categorizes its products as perishable and non-perishable. It has a 22.33 P/E ratio. The Company’s perishable product category includes produce, meat, seafood, deli and bakery.
SFM Company Profile
Sprouts Farmers Market, Inc., incorporated on January 27, 2011, is a food retailer. The Firm 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. The Company’s product offerings focus on fresh, natural and organic foods. The Firm categorizes its products as perishable and non-perishable. The Company’s perishable product category includes produce, meat, seafood, deli and bakery. The Company’s non-perishable product category includes grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and body care and natural household items. The Firm operates through approximately 225 stores in over 15 states.
More recent Sprouts Farmers Market Inc (NASDAQ:SFM) news were published by: Wsj.com which released: “Sprouts Farmers Market Beats Views, but Doesn’t Boost Estimates” on November 03, 2016. Also Prnewswire.com published the news titled: “Technical Roundup on Grocery Stores Stocks — SUPERVALU, Sprouts Farmers …” on November 04, 2016. Jaxdailyrecord.com‘s news article titled: “Sprouts Farmers Market launches in Florida; Jacksonville a logical branch for …” with publication date: October 26, 2016 was also an interesting one.
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