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NEW YORK (TheStreet) -- Sprouts Farmers Market (SFM) - Get Sprouts Farmers Markets, Inc. Report stock is rising by 12.27% to $22.32 in late morning trading on Thursday, following the release of the company's 2015 third quarter earnings results before the market open today. 

The food retailer posted adjusted earnings of 21 cents per share, higher by 17% from 18 cents per share for the 2014 third quarter. 

Revenue increased by 18% year over year to $903.07 million, up from $766.42 for the year ago period. 

Analysts had forecast for earnings of 19 cents per share on revenue of $896.47 million. 

"Top-line sales increased through strong promotions and operational execution which drove increased customer traffic trends. Looking ahead, we continue to focus on product innovation, private label growth, great operational execution and 14% unit growth coast-to-coast," CEO Amin Maredia said in a statement.

Separately, TheStreet Ratings team rates SPROUTS FARMERS MARKET as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

TheStreet Recommends

We rate SPROUTS FARMERS MARKET (SFM) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, premium valuation, weak operating cash flow and poor profit margins.

You can view the full analysis from the report here: SFM

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.