Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $167.00 Consensus Price Target from Analysts

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $167.00.

Several equities research analysts recently commented on SFM shares. Jefferies Financial Group boosted their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Friday, February 28th. Bank of America raised their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company upped their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $160.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, March 25th.

Insider Buying and Selling at Sprouts Farmers Market

In other news, VP Stacy W. Hilgendorf sold 890 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $122,303.80. Following the transaction, the vice president now owns 9,347 shares of the company’s stock, valued at $1,284,464.74. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Alisa Gmelich sold 445 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $61,151.90. Following the completion of the sale, the chief marketing officer now owns 4,436 shares of the company’s stock, valued at approximately $609,595.12. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,784 shares of company stock worth $13,534,466 over the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SFM. Versant Capital Management Inc raised its stake in shares of Sprouts Farmers Market by 111.3% during the first quarter. Versant Capital Management Inc now owns 319 shares of the company’s stock worth $49,000 after buying an additional 168 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Sprouts Farmers Market by 56.7% during the 4th quarter. Wellington Management Group LLP now owns 259,108 shares of the company’s stock valued at $32,925,000 after acquiring an additional 93,734 shares during the last quarter. 111 Capital bought a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at $1,006,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Sprouts Farmers Market by 24.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,954 shares of the company’s stock valued at $757,000 after purchasing an additional 1,178 shares during the period. Finally, Centaurus Financial Inc. boosted its position in shares of Sprouts Farmers Market by 8.4% in the 4th quarter. Centaurus Financial Inc. now owns 1,466 shares of the company’s stock worth $186,000 after purchasing an additional 113 shares during the last quarter.

Sprouts Farmers Market Stock Down 5.2 %

Sprouts Farmers Market stock opened at $145.29 on Wednesday. Sprouts Farmers Market has a twelve month low of $61.61 and a twelve month high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a market cap of $14.24 billion, a PE ratio of 38.64, a P/E/G ratio of 2.31 and a beta of 0.67. The firm’s 50 day moving average price is $152.55 and its two-hundred day moving average price is $138.96.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. On average, research analysts predict that Sprouts Farmers Market will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market Company Profile

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.