Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $180.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target upped by BMO Capital Markets from $140.00 to $180.00 in a research note published on Friday,Benzinga reports. They currently have a market perform rating on the stock.

Other research analysts have also issued reports about the stock. Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. UBS Group boosted their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Roth Mkm boosted their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $152.40.

Sprouts Farmers Market Trading Down 15.6 %

NASDAQ SFM opened at $143.32 on Friday. 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 $14.13 billion, a PE ratio of 38.12, a P/E/G ratio of 2.31 and a beta of 0.63. Sprouts Farmers Market has a one year low of $52.57 and a one year high of $178.99. The firm’s fifty day moving average is $148.11 and its two-hundred day moving average is $130.10.

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

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the sale, the chief executive officer now owns 149,499 shares of the company’s stock, valued at $20,741,491.26. This represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of the company’s 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 sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,614 shares of company stock worth $6,323,731. 1.10% of the stock is owned by company insiders.

Institutional Trading of Sprouts Farmers Market

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Sprouts Farmers Market by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock valued at $1,347,554,000 after purchasing an additional 56,652 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Sprouts Farmers Market by 0.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company’s stock valued at $567,322,000 after purchasing an additional 24,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sprouts Farmers Market by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock valued at $275,634,000 after purchasing an additional 56,161 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Sprouts Farmers Market by 10.1% in the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company’s stock valued at $234,231,000 after purchasing an additional 168,605 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Sprouts Farmers Market by 22.9% in the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock valued at $201,139,000 after purchasing an additional 294,553 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.