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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

Bought by AMZN

$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 Bought by AMZN
$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.

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PEGI

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