Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $118.40 Consensus Target Price from Analysts

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) have been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $118.40.

SFM has been the topic of several research reports. Evercore ISI upped their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group increased their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Melius Research began coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Bank of America raised their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th.

Sprouts Farmers Market Stock Performance

SFM stock opened at $128.50 on Monday. The firm has a 50 day simple moving average of $138.75 and a 200 day simple moving average of $110.85. Sprouts Farmers Market has a 52 week low of $47.63 and a 52 week high of $155.64. The stock has a market cap of $12.85 billion, a P/E ratio of 37.14, a P/E/G ratio of 2.23 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the company posted $0.65 EPS. Sprouts Farmers Market’s revenue was up 13.6% on a year-over-year basis. Research analysts anticipate that Sprouts Farmers Market will post 3.68 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.84, for a total value of $1,527,660.00. Following the completion of the transaction, the director now owns 33,571 shares of the company’s stock, valued at $4,459,571.64. This represents a 25.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $112.41, for a total value of $642,310.74. Following the sale, the chief executive officer now owns 211,004 shares in the company, valued at approximately $23,718,959.64. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,569 shares of company stock worth $9,117,886 in the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors have recently bought and sold shares of SFM. Accent Capital Management LLC acquired a new stake in Sprouts Farmers Market during the third quarter valued at approximately $25,000. Crewe Advisors LLC boosted its stake in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sprouts Farmers Market in the 2nd quarter valued at $29,000. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market in the third quarter valued at $38,000. Finally, Quarry LP raised its stake in Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares in 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.