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SFM

Sprouts Farmers Market

$21.83

-0.195 (-0.89%)

, KR

Kroger

$29.19

-0.36 (-1.22%)

07:14
03/21/17
03/21
07:14
03/21/17
07:14

Oppenheimer expects Kroger, Whole Foods to be interested in Sprouts Farmers

Oppenheimer analyst Rupesh Parik notes Bloomberg reported that Albertsons and Sprouts Farmers Market (SFM) held preliminary merger talks with proposed plans to take the latter private. To the extent Sprouts Farmers Market is in play, the analyst would expect Kroger (KR) and Whole Foods (WFM) to also be interested. Further, Parik suspects a high $20-low $30 range would be a minimum to get a deal done, as industry valuations currently are depressed due in part to deflationary pressures. He reiterates a Perform rating on Sprouts Farmers Market's shares.

SFM

Sprouts Farmers Market

$21.83

-0.195 (-0.89%)

KR

Kroger

$29.19

-0.36 (-1.22%)

WFM

Whole Foods

$29.85

0.32 (1.08%)

  • 21

    Mar

  • 20

    Jun

SFM Sprouts Farmers Market
$21.83

-0.195 (-0.89%)

03/20/17
JEFF
03/20/17
NO CHANGE
Target $22
JEFF
Buy
Jefferies sees $26/share buyout price for Sprouts Farmers Market
After Bloomberg reported that Cerberus Capital Management-backed Albertsons held preliminary talks to merge with Sprouts Farmers Market, Jefferies analyst Christopher Mandeville says historical transactions suggest a $26 per share takeout price for Sprouts. The stock in pre-market trading is up 5%, or $1.13, to $23.15. If Sprouts is willing to sell itself, multiple suitors, both financial and strategic, could show interest, leading to a competitive bidding process that could potentially push the valuation higher than $26 per share, Mandeville tells investors in a research note. The company, as one of the last few growth concepts remaining in grocery, should "receive a very healthy valuation," the analyst argues. He has a Buy rating on Sprouts with a $22 price target.
03/21/17
BMOC
03/21/17
DOWNGRADE
BMOC
Market Perform
Sprouts Farmers Market downgraded to Market Perform at BMO Capital
02/27/17
RBCM
02/27/17
NO CHANGE
RBCM
Sprouts Farmers Markets fiscal 2017 guidance conservative, says RBC Capital
After Sprouts reported stronger than expected results, RBC Capital analyst William Kirk says that the company's fundamentals continue to be strong. He thinks that the company's guidance is "beatable," partly due to easing comps and lessening cannibalization, along with the contribution of the company's new stores to comp increases. Kirk remains upbeat on the company's fundamentals and keeps an Outperform rating on the shares.
02/02/17
FBCO
02/02/17
NO CHANGE
Target $23
FBCO
Outperform
Re-inflation to alleviate Sprouts Farmers Markets pressure, says Credit Suisse
Credit Suisse analyst Edward Kelly says that while short-term caution is certainly warranted given accelerating produce deflation and a tough overall competitive environment, he thinks Sprouts Farmers Markets' Q4 will eventually result in an attractive opportunity. The analyst believes the stock may be the most leveraged to re-inflation at this point, as comps should see relief when pricing firms, margin pressure should moderate as industry promotions begin to ease, and the valuation has upside given it is likely to remain a growth story. He reiterates an Outperform rating and $23 price target on the shares.
KR Kroger
$29.19

-0.36 (-1.22%)

03/07/17
NRCS
03/07/17
DOWNGRADE
NRCS
Neutral
Kroger downgraded to Neutral from Buy at Northcoast
03/07/17
03/07/17
DOWNGRADE

Neutral
Kroger downgraded to Neutral on lack of earnings growth at Northcoast
As previously reported, Northcoast downgraded Kroger to Neutral from Buy. Analyst Chuck Cerankosky said he sees little chance of earnings acceleration and or surprise over the next six months and is forecasting flat to slightly down operating earnings for fiscal 2017.
03/07/17
03/07/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Novartis (NVS) downgraded to Underperform from Neutral at Exane BNP Paribas. 2. Kroger (KR) downgraded to Neutral from Buy at Northcoast with analyst Chuck Cerankosky saying he sees little chance of earnings acceleration and or surprise over the next six months and is forecasting flat to slightly down operating earnings for fiscal 2017. 3. Casey's General Stores (CASY) downgraded to Sector Perform from Outperform at RBC Capital with analyst Irene Nattelciting the company's tepid third quarter report. 4. Diebold (DBD) downgraded to In-Line from Outperform at Imperial Capital with analyst Jeff Kessler saying the company's next four to six quarters are "likely to be characterized by a large and complex integration project for management." The analyst keeps a $30 price target for the shares. 5. Frontier Communications (FTR) downgraded to Neutral from Buy at BofA/Merrill with analyst David Barden saying the topline revenue has declined at a surprising rate, creating risk to the dividend. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/06/17
HDLY
03/06/17
DOWNGRADE
HDLY
Long-Term Buy
Kroger downgraded to Long-Term Buy from Buy at Hilliard Lyons
WFM Whole Foods
$29.85

0.32 (1.08%)

01/20/17
01/20/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN) initiated with a Buy at Aegis. 2. Alphabet (GOOG, GOOGL) and Facebook (FB) were resumed with an Overweight at Pacific Crest, while Twitter (TWTR) was resumed with a Sector Weight. 3. Costco (COST) coverage was resumed with a Buy at Stifel, while Wal-Mart (WMT) and Target (TGT) were resumed with a Hold. 4. Whole Foods (WFM) was initiated with a Market Perform, while Sprouts Farmers Markets (SFM) was initiated with an Outperform at William Blair. 5. CBS (CBS) was reinstated with an Outperform at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/02/17
CLVD
02/02/17
NO CHANGE
CLVD
Whole Foods estimate lowered on softenting trends at Cleveland Research
02/09/17
FBCO
02/09/17
NO CHANGE
Target $36
FBCO
Outperform
Whole Foods price target lowered to $36 from $40 at Credit Suisse
Credit Suisse analyst Edward Kelly lowered his price target for Whole Foods to $36 from $40 following the company's mixed Q1 earnings update. The analyst reiterates an Outperform rating on the shares as he continues to see value in the brand, believes there is a path for improved performance over time, and likes the stock's risk/reward.
02/09/17
PIVT
02/09/17
NO CHANGE
Target $20
PIVT
Sell
Pivotal calls Whole Foods sales deceleration 'alarming'
Pivotal Research analyst Ajay Jain believes Whole Foods' sales are decelerating at an "alarming rate." The company's guidance reduction last night is the latest in a multi-year string of earnings setbacks, Jain tells investors in a post-earnings research note. He keeps a Sell rating on the shares with a $20 price target.

TODAY'S FREE FLY STORIES

GIII

G-III Apparel

$22.92

-0.04 (-0.17%)

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  • 27

    Mar

FOX

21st Century Fox

$30.88

0.13 (0.42%)

, FOXA

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0.19 (0.61%)

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SKYAY

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$48.36

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  • 27

    Mar

UPS

UPS

$105.05

-0.6 (-0.57%)

18:19
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TCBI

Texas Capital

$80.25

0.3 (0.38%)

, ENH

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$92.97

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TCBI

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0.3 (0.38%)

ENH

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$92.97

0.1 (0.11%)

DSW

DSW

$19.27

0.13 (0.68%)

WETF

WisdomTree

$8.59

0.03 (0.35%)

SCAI

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MIK

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$21.96

0.17 (0.78%)

UNH

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$165.00

-0.29 (-0.18%)

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  • 18

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AAPL

Apple

$140.64

-0.28 (-0.20%)

17:42
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Apple can make new highs on iPhone 8 launch, dividend hike, Barron's says »

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WFT

Weatherford

$5.89

0.02 (0.34%)

, SLB

Schlumberger

$76.96

-0.71 (-0.91%)

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$5.89

0.02 (0.34%)

SLB

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$76.96

-0.71 (-0.91%)

MIK

Michaels

$21.96

0.17 (0.78%)

DSW

DSW

$19.27

0.13 (0.68%)

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FSNN

Fusion Telecommunications

$1.74

0.23 (15.23%)

17:34
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  • 30

    May

MIK

Michaels

$21.96

0.17 (0.78%)

, WETF

WisdomTree

$8.59

0.03 (0.35%)

17:24
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Hot Stocks
Breaking Hot Stocks news story on Michaels, WisdomTree »

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MIK

Michaels

$21.96

0.17 (0.78%)

WETF

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$8.59

0.03 (0.35%)

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03/06/13
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WETF

WisdomTree

$8.59

0.03 (0.35%)

, SCAI

Surgical Care Affiliates

17:23
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WisdomTree to replace Surgical Care Affiliates in S&P 600 at open on March 29 »

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WETF

WisdomTree

$8.59

0.03 (0.35%)

SCAI

Surgical Care Affiliates

UNH

UnitedHealth

$165.00

-0.29 (-0.18%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 18

    Apr

DSW

DSW

$19.27

0.13 (0.68%)

, TCBI

Texas Capital

$80.25

0.3 (0.38%)

17:21
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Hot Stocks
Breaking Hot Stocks news story on DSW, Texas Capital »

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DSW

DSW

$19.27

0.13 (0.68%)

TCBI

Texas Capital

$80.25

0.3 (0.38%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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TCBI

Texas Capital

$80.25

0.3 (0.38%)

, ENH

Endurance Specialty

$92.97

0.1 (0.11%)

17:20
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Texas Capital to replace Endurance Specialty in S&P 400 at open on March 29 »

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TCBI

Texas Capital

$80.25

0.3 (0.38%)

ENH

Endurance Specialty

$92.97

0.1 (0.11%)

03/08/13
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CHMT

Chemtura

17:20
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03/24
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ADM

Archer Daniels

$45.58

-0.03 (-0.07%)

17:17
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Archer Daniels shuts down Decatur corn plant, sees small negative Q1 impact »

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  • 27

    Mar

RT

Ruby Tuesday

$2.45

-0.05 (-2.00%)

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  • 06

    Apr

LAKE

Lakeland Industries

$10.00

-0.0443 (-0.44%)

17:15
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SMTC

Semtech

$34.35

0.5 (1.48%)

17:14
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Semtech CEO Mohan Maheswaran enters 10b5-1 trading plan »

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  • 29

    Mar

SCOR

comScore

$21.36

-0.04 (-0.19%)

17:06
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03/24
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17:06
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comScore to delay filing annual report on Form 10-K »

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XOM

Exxon Mobil

$81.23

-0.63 (-0.77%)

17:02
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03/24
17:02
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Exxon Mobil urges holders to reject mini-tender offer by TRC Capital »

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  • 28

    Apr

USCR

U.S. Concrete

$60.80

-5.9 (-8.85%)

16:59
03/24/17
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U.S. Concrete announces resignation of CFO Joseph Tusa »

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DG

Dollar General

$69.48

0.58 (0.84%)

16:47
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Breaking Syndicate news story on Dollar General »

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  • 05

    Apr

SLB

Schlumberger

$76.96

-0.71 (-0.91%)

, WFT

Weatherford

$5.89

0.02 (0.34%)

16:47
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Hot Stocks
Schlumberger, Weatherford to form OneStim joint venture »

Schlumberger (SLB) and…

SLB

Schlumberger

$76.96

-0.71 (-0.91%)

WFT

Weatherford

$5.89

0.02 (0.34%)

03/08/13
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  • 21

    Apr

  • 01

    May

AAPL

Apple

$140.66

-0.2592 (-0.18%)

, GOOGL

Alphabet Class A

$835.14

-4.51 (-0.54%)

16:43
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03/24
16:43
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16:43
General news
On The Fly: Stocks end week lower as health care bill vote ends up scrapped »

Stocks ended the week…

AAPL

Apple

$140.66

-0.2592 (-0.18%)

GOOGL

Alphabet Class A

$835.14

-4.51 (-0.54%)

GOOG

Alphabet

$814.95

-2.63 (-0.32%)

DIS

Disney

$112.14

-0.1 (-0.09%)

SHLD

Sears

$8.50

0.31 (3.79%)

F

Ford

$11.62

-0.05 (-0.43%)

JPM

JPMorgan

$87.29

-0.1 (-0.11%)

WFC

Wells Fargo

$55.83

0.58 (1.05%)

GS

Goldman Sachs

$228.41

-3.49 (-1.51%)

C

Citi

$58.07

0.02 (0.03%)

BAC

Bank of America

$23.12

0.05 (0.22%)

GE

General Electric

$29.72

0.1 (0.34%)

T

AT&T

$41.68

0.03 (0.07%)

VZ

Verizon

$49.68

0.04 (0.08%)

JNJ

Johnson & Johnson

$125.48

-0.42 (-0.33%)

PEP

PepsiCo

$112.12

0.34 (0.30%)

WMT

Wal-Mart

$69.61

-0.25 (-0.36%)

DISH

DISH

$61.99

0.11 (0.18%)

SBUX

Starbucks

$56.81

0.96 (1.72%)

GM

General Motors

$34.56

0.3 (0.88%)

TM

Toyota

$111.36

0.85 (0.77%)

MSFT

Microsoft

$64.98

0.11 (0.17%)

KO

Coca-Cola

$42.12

-0.05 (-0.12%)

PG

Procter & Gamble

$90.57

-0.2 (-0.22%)

CHTR

Charter

$325.35

1.73 (0.53%)

TRP

TransCanada

$46.21

-0.05 (-0.11%)

PPG

PPG

$103.79

-0.83 (-0.79%)

AKZOY

AkzoNobel

$27.65

-0.234 (-0.84%)

FDX

FedEx

$188.12

-1.07 (-0.57%)

DLTH

Duluth Holdings

$22.76

0.39 (1.74%)

PVH

PVH Corp.

$100.94

2.39 (2.43%)

FIVE

Five Below

$42.62

0.37 (0.88%)

MU

Micron

$28.43

1.96 (7.40%)

GIS

General Mills

$59.16

-0.21 (-0.35%)

CSIQ

Canadian Solar

$11.15

-0.485 (-4.17%)

NKE

Nike

$56.36

0.99 (1.79%)

SLW

Silver Wheaton

$20.54

-0.07 (-0.34%)

GME

GameStop

$20.70

-3.26 (-13.61%)

FINL

Finish Line

$12.93

-3.13 (-19.49%)

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CI

Cigna

$145.82

-3.36 (-2.25%)

16:35
03/24/17
03/24
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16:35
Hot Stocks
Cigna CEO David Cordani adopts 10b5-1 trading plan »

On March 15, David…

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ENT

Global Eagle

$2.92

-0.16 (-5.19%)

16:32
03/24/17
03/24
16:32
03/24/17
16:32
Hot Stocks
Global Eagle receives notice of non-compliance from Nasdaq »

On March 20, Global Eagle…

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  • 06

    Apr

16:31
03/24/17
03/24
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16:31
Options
Preliminary option volume of 17.5M today »

Preliminary option volume…

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