Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $159.00

Sprouts Farmers Market (NASDAQ:SFM) had its target price hoisted by research analysts at The Goldman Sachs Group from $127.00 to $159.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 24.29% from the company’s previous close.

Several other brokerages have also issued reports on SFM. BMO Capital Markets increased their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday. Royal Bank of Canada started coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. Bank of America increased their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Trading Down 0.4 %

Shares of SFM traded down $0.50 during mid-day trading on Friday, reaching $127.93. 945,804 shares of the company were exchanged, compared to its average volume of 1,325,441. The business has a 50 day simple moving average of $108.91 and a two-hundred day simple moving average of $90.61. Sprouts Farmers Market has a 52 week low of $39.98 and a 52 week high of $135.10. The stock has a market capitalization of $12.81 billion, a PE ratio of 37.01, a PEG ratio of 2.73 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 29.02%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. On average, analysts predict that Sprouts Farmers Market will post 3.4 earnings per share for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the completion of the sale, the chief executive officer now owns 233,860 shares in the company, valued at $22,338,307.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Joel D. Anderson sold 20,851 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.16, for a total value of $2,005,032.16. Following the completion of the transaction, the director now directly owns 18,809 shares in the company, valued at approximately $1,808,673.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $95.52, for a total transaction of $545,801.28. Following the completion of the sale, the chief executive officer now owns 233,860 shares in the company, valued at $22,338,307.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,543 shares of company stock worth $5,751,870 in the last 90 days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in Sprouts Farmers Market by 26.3% in the third quarter. UMB Bank n.a. now owns 605 shares of the company’s stock worth $67,000 after buying an additional 126 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Sprouts Farmers Market by 0.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after purchasing an additional 148 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock valued at $402,000 after purchasing an additional 158 shares during the last quarter. Hanseatic Management Services Inc. raised its position in Sprouts Farmers Market by 23.3% in the 3rd quarter. Hanseatic Management Services Inc. now owns 931 shares of the company’s stock worth $103,000 after purchasing an additional 176 shares during the period. Finally, Ironwood Investment Counsel LLC lifted its stake in shares of Sprouts Farmers Market by 3.8% in the 1st quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock valued at $340,000 after acquiring an additional 195 shares during the last quarter.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.