RBC Capital Markets Kept Sprouts Farmers Market (NASDAQ:SFM) As “Outperform”

Analysts monitoring the service sector have released new ratings on Sprouts Farmers Market (NASDAQ: SFM) and Magna worldwide (NYSE: MGA). It has increased by 1% from the same period of last month. (NASDAQ:SFM). The shares have now been rated Hold by the stock experts at the ratings house. “Sprouts’ commitment to health and value continues to resonate with consumers seeking fresh, natural and organic products at great prices, driving 34 consecutive quarters of positive comparable store sales growth”, stated Amin Maredia, chief executive officer of Sprouts Farmers Market. RBC Capital cut their price target on shares of Sprouts Farmers Market from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Friday.

So what: Sprouts shares have slumped sharply over the past six months on concerns over stiffening competition, but strong Q3 results – EPS of $0.21 on revenue of $903.1 million vs. the consensus of $0.19 and $897.9 million – coupled with upbeat full-year guidance suggests that those worries are a bit overblown. The stock had changed +4.48% since market close yesterday.

Shares of Sprouts Farmers Market, Inc.

Analysts had forecast for earnings of 19 cents per share on revenue of $896.47 million.

Sprouts Farmers Market, Inc. Sprouts Farmers Market has a 52 week low of $16.41 and a 52 week high of $38.45. (NASDAQ:SFM) ended Tuesday session in red amid volatile trading. (NASDAQ:SFM) stock has received a short term price target of $ 28.57 from 14 Analyst. This shows the management’s belief that the company’s shares are undervalued, and its confidence in the company’s ability to grow in the coming years.

[Option Monster] Sprouts Farmers Market Inc (NASDAQ:SFM)(TREND ANALYSIS) optionMONSTER’s Heat Seeker monitoring program detected the purchase of 5,200 November 20 calls, most of which priced for $1.25.

Sprouts Farmers Market, Inc.is a food retailer.

Sprouts Farmers Markets, LLC engages in the retailing of natural and organic food primarily in the United States. The heightened volatility saw the trading volume jump to 10,241,238 shares. The 52-week high of the share price is $38.45 and the company has a market cap of $3,534 million. The Company offers fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. Perishable product categories include produce, meat, seafood, deli and bakery.