The Chance of a Buyout Doesn’t Help Sprouts Stock, Analyst Says

David Marino-Nachison, Barron's Retail & FoodService July 24, 2019

Sprouts Farmers Markets stock fell Tuesday as an analyst downgraded the supermarket chain on profit-growth concerns even as he said the potential for a buyout was supporting the stock.

Sprouts stock (ticker: SFM), down 27% in 2019 through Monday’s close, was recently off 3.1% to $16.75 on Tuesday as Oppenheimer analyst Rupesh Parikh downgraded the shares to Perform from Outperform, canceling a $27 price target that was above FactSet’s average just below $23.

Shares also set a new 52-week intraday low of $16.66 on Tuesday.

To read the rest of the story, please go to: Barron’s

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