March 30, 2017

Trader Alert: Unusual Volume Spotted in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

20 March 2017, 08:37 | Melvin Schneider

The buy-side sector is buzzing this morning as unearthed reports are marking Albertsons and Sprouts Farmers Markets for a potential merger.

Several other brokerages have also issued reports on SFM. Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Albertsons now operates over 2,000 stores, with Sprouts Farmers Market offering its goods in almost 300 stores. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. (NASDAQ:SFM) is under coverage by number of analysts. The Company has 52-week high of $29.93 and 52-week low of $17.38. The stock's 50 day moving average price is $18.74 and its 200-day moving average price is $20.18. The Market Capitalization of the company stands at 2.99 Billion. (NASDAQ:SFM), at its latest closing price of $22.02, it has a price-to-book ratio of 3.74, compared to an industry average at 2.26. (SFM) reported Actual EPS of $0.12/share with the difference of -0.01 percent and a surprise of -7.7 percent. The company reported revenue of $986 million in its fourth quarter of 2016, which was up 6% from the same time a year ago. During the same period in the prior year, the company posted $0.18 EPS. Over the past month the firm's stock is 17.13%, 8.37% for the last quarter, 9.99% for the past six-months and -23.67% for the previous year.

According to inside sources, Albertson's is in talks with Sprouts Farmers Market Inc about the merger. A lower P/B ratio could mean that the stock is undervalued. MA ended last trade at $12.84 a share and the price is up more than -14.28% so far this year. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. For the week, the stock is performing 23.36%. The Insider Ownership of the company now is 0.5 percent, and Institutional Ownership is 95.9 percent.

Institutional investors have recently modified their holdings of the company.

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Christopher Mandeville, a Jefferies analyst, says that Sprouts Farmers Market Inc may be able to reach a value of $26 per share in a potential deal.

A merger between Sprouts Farmers Market Inc and Albertson's would likely help the former. Independent Portfolio Consultants Inc. now owns 8,255 shares of the company's stock worth $170,000 after buying an additional 3,585 shares in the last quarter. For the next 5 years, Sprouts Farmers Market, expecting Growth of 10.21% per annum, whereas in the past 5 years the growth was 12.3% per annum.

Sprouts Farmers Market, Inc. closed its last trading session at $20.88 with the gain of 5.46%. LS Investment Advisors LLC now owns 9,037 shares of the company's stock worth $187,000 after buying an additional 449 shares in the last quarter.

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. Its perishable product category includes produce, meat, seafood, deli and bakery. The Company categorizes its products as perishable and non-perishable.

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