Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $119.40 Average PT from Brokerages

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) have been given a consensus rating of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $124.40.

SFM has been the topic of several research reports. Evercore ISI boosted their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. BMO Capital Markets boosted 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 report on Thursday, October 31st. Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Bank of America boosted their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Insider Buying and Selling

In other news, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the transaction, the director now directly owns 10,874 shares in the company, valued at $1,619,029.86. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jack Sinclair sold 2,915 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the transaction, the chief executive officer now directly owns 143,669 shares in the company, valued at approximately $24,070,304.26. The trade was a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,614 shares of company stock valued at $6,323,731 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

Institutional investors have recently bought and sold shares of the stock. Accent Capital Management LLC purchased a new position in Sprouts Farmers Market during the 3rd quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market during the fourth quarter valued at about $31,000. Avior Wealth Management LLC boosted its holdings in Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares during the last quarter. GeoWealth Management LLC grew its position in Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after purchasing an additional 142 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after buying an additional 132 shares during the last quarter.

Sprouts Farmers Market Trading Up 0.4 %

NASDAQ SFM opened at $177.12 on Tuesday. The company has a market cap of $17.71 billion, a price-to-earnings ratio of 51.19, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. Sprouts Farmers Market has a twelve month low of $52.04 and a twelve month high of $178.46. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $146.10 and its 200 day moving average is $127.41.

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.