Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $56.13 Average Price Target from Analysts

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Free Report) have been assigned an average recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $57.25.

Several research firms have commented on SFM. BMO Capital Markets lifted their price target on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a research report on Thursday, May 2nd. Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and increased their price target for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. Evercore ISI lifted their price objective on shares of Sprouts Farmers Market from $68.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. Finally, Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd.

Read Our Latest Report on SFM

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 5,353 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.62, for a total transaction of $329,851.86. Following the transaction, the insider now owns 10,895 shares of the company’s stock, valued at approximately $671,349.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CMO Alisa Gmelich sold 479 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $62.47, for a total transaction of $29,923.13. Following the completion of the sale, the chief marketing officer now directly owns 2,987 shares in the company, valued at approximately $186,597.89. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timmi Zalatoris sold 5,353 shares of Sprouts Farmers Market stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.62, for a total value of $329,851.86. Following the completion of the transaction, the insider now owns 10,895 shares in the company, valued at approximately $671,349.90. The disclosure for this sale can be found here. Insiders have sold 210,567 shares of company stock valued at $13,722,524 in the last ninety days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB lifted its position in shares of Sprouts Farmers Market by 614.5% during the fourth quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock worth $146,359,000 after purchasing an additional 2,614,241 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Sprouts Farmers Market by 411.4% in the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after purchasing an additional 1,237,610 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in Sprouts Farmers Market during the 4th quarter valued at approximately $23,992,000. California Public Employees Retirement System purchased a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $20,524,000. Finally, Goldman Sachs Group Inc. increased its holdings in Sprouts Farmers Market by 36.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock worth $71,135,000 after purchasing an additional 398,901 shares during the last quarter.

Sprouts Farmers Market Trading Up 0.9 %

NASDAQ SFM opened at $76.74 on Friday. Sprouts Farmers Market has a 52 week low of $32.12 and a 52 week high of $77.28. The firm has a 50 day moving average of $65.78 and a two-hundred day moving average of $54.60. The company has a quick ratio of 0.65, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $7.71 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.69 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the firm posted $0.98 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts expect that Sprouts Farmers Market will post 3.12 EPS for the current fiscal year.

About Sprouts Farmers Market

(Get Free Report

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.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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