Dallas, Texas 05/21/2014 (FINANCIALSTRENDS) – Sprouts Farmers Market Inc. (NASDAQ:SFM) recently announced that it will present at the 2014 BMO Farm to Market Conference which is going to organized today in New York at the Grand Hyatt. The company will be represented by its President and Chief Executive Officer, Doug Sanders and Chief Financial Officer, Amin Maredia. The presentation is scheduled to being around 09:30 a.m. EDT, today on May 21, 2014. The company also noted that the live webcast of the presentation could be accessed at the company’s investor relations website, under the sub header, Events and Presentations. The company will also archive the presentation and it will be available for replay at the same location.
Analyst Updates:
The stock of Sprouts Farmers Market Inc. (NASDAQ:SFM) recently received a price update from equities research analysts at BMO Capital Markets. The analysts lowered their price target on the stock to $30, significantly reduced from their previously set target price of $40. However, the revised price target still suggests a potential upside of at least 8% from the stock’s previous closing.
Many other analysts have also commented on the stock and include equities research analysts at SunTrust who also cut their target price for the stock from $38 to $36 in a research note issued on Friday. Investment analysts at Credit Suisse earlier reiterated their “neutral” rating for the stock. However, the significantly cut down their price objective for the stock to $31 from previously set price target of $37.
Consensus Rating:
The stock of Sprouts Farmers Market Inc. (NASDAQ:SFM) has been assigned a “hold” rating by seven research analysts; and a “buy” rating by three research analysts. Currently the stock has a consensus rating of “hold” with an average price target of $35. On Tuesday, the stock closed at $27.77, losing 2.56% from its previous close. Currently the stock is trading near its yearly low of $25.73 and has delivered around 27% negative returns year to date.
