Sprouts Farmers Market (SFM): Sub-$20 Is a Good Entry Point - Guggenheim

November 7, 2016 6:50 AM EST
Get Alerts SFM Hot Sheet
Price: $19.72 -2.38%

Rating Summary:
    13 Buy, 15 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Guggenheim analyst, John Heinbockel, reiterated his Neutral rating on shares of Sprouts Farmers Market (NASDAQ: SFM) and continues to believe that SFM is well-positioned for solid secular sales and EBITDA growth on the back of share gains mostly from the conventional food retail trade channel.

The analyst stated "SFM offers a generally superior shopping experience which it should be able to sustain with ongoing investments. That said, these investments may materially weigh on profit growth over the next 2-3 quarters with a lesser impact thereafter. We remain Neutral-rated and in search of a compelling entry point—anything below $20 would make sense to us for more patient investors". The analyst cut 2017/2018 EBITDA estimates to reflect greater GM pressure.

For an analyst ratings summary and ratings history on Sprouts Farmers Market click here. For more ratings news on Sprouts Farmers Market click here.

Shares of Sprouts Farmers Market closed at $20.48 yesterday.

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