Sprouts Farmers Market (NASDAQ:SFM) Stock Price Expected to Rise, UBS Group Analyst Says

Sprouts Farmers Market (NASDAQ:SFM) had its price target upped by investment analysts at UBS Group from $132.00 to $195.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 14.84% from the company’s previous close.

Several other research analysts have also weighed in on SFM. Evercore ISI increased their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Bank of America increased their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group raised their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $134.50.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $169.80 on Wednesday. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of 49.08, a price-to-earnings-growth ratio of 2.08 and a beta of 0.63. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $148.20 and its two-hundred day moving average is $129.27. Sprouts Farmers Market has a 12-month low of $52.24 and a 12-month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Research analysts expect that Sprouts Farmers Market will post 3.7 EPS for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the sale, the director now owns 10,874 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the sale, the director now directly owns 17,991 shares of the company’s stock, valued at $2,700,629.01. This trade represents a 1.91 % 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. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Sprouts Farmers Market

A number of hedge funds have recently made changes to their positions in SFM. Accent Capital Management LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprouts Farmers Market in the fourth quarter worth $31,000. Avior Wealth Management LLC boosted its holdings in Sprouts Farmers Market by 93.5% in 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 period. GeoWealth Management LLC boosted its holdings in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after purchasing an additional 142 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the period.

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.