Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $118.40 Consensus Target Price from Analysts

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has earned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $118.40.

Several analysts have recently weighed in on the company. Evercore ISI upped their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group upped 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. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Bank of America increased their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Sprouts Farmers Market Stock Performance

SFM stock opened at $147.00 on Friday. The company has a 50-day simple moving average of $141.40 and a 200 day simple moving average of $117.90. The company has a market capitalization of $14.70 billion, a P/E ratio of 42.49, a PEG ratio of 1.84 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a fifty-two week low of $48.98 and a fifty-two week high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. Sell-side analysts predict that Sprouts Farmers Market will post 3.68 earnings per share for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In related news, insider Joseph L. Hurley sold 4,956 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the transaction, the insider now directly owns 11,184 shares of the company’s stock, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joe Fortunato sold 11,500 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the completion of the sale, the director now owns 33,571 shares of the company’s stock, valued at approximately $4,459,571.64. The trade was a 25.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,869 shares of company stock valued at $8,778,152 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter worth $214,000. Oppenheimer Asset Management Inc. bought a new stake in Sprouts Farmers Market in the second quarter worth $278,000. Virtu Financial LLC acquired a new position in Sprouts Farmers Market during the second quarter worth $769,000. Mercer Global Advisors Inc. ADV raised its holdings in Sprouts Farmers Market by 0.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after buying an additional 148 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Sprouts Farmers Market in the second quarter worth about $212,000.

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.