The Goldman Sachs Group Issues Positive Forecast for Sprouts Farmers Market (NASDAQ:SFM) Stock Price

Sprouts Farmers Market (NASDAQ:SFM) had its target price raised by investment analysts at The Goldman Sachs Group from $127.00 to $159.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 24.29% from the stock’s current price.

SFM has been the subject of several other reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. BMO Capital Markets upped their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday. Melius Research started coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target for the company. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price objective on the stock. Finally, Evercore ISI upped their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and an average price target of $115.40.

Sprouts Farmers Market Stock Down 0.4 %

SFM traded down $0.50 during midday trading on Friday, reaching $127.93. The company’s stock had a trading volume of 945,804 shares, compared to its average volume of 1,325,441. The stock’s 50-day moving average is $108.91 and its 200-day moving average is $90.61. Sprouts Farmers Market has a 1 year low of $39.98 and a 1 year high of $135.10. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 37.01, a PEG ratio of 2.73 and a beta of 0.56. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 29.02% and a net margin of 4.73%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, research analysts expect that Sprouts Farmers Market will post 3.4 EPS for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.52, for a total value of $545,801.28. Following the transaction, the chief executive officer now directly owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Dustin Hamilton sold 921 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $113.60, for a total value of $104,625.60. Following the completion of the transaction, the insider now owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the sale, the chief executive officer now directly owns 233,860 shares in the company, valued at approximately $22,338,307.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,543 shares of company stock valued at $5,751,870. Insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crewe Advisors LLC grew its holdings in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sprouts Farmers Market during the second quarter valued at approximately $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market in the third quarter worth $38,000. Quarry LP increased its stake in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares during the period. Finally, Waldron Private Wealth LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter worth $60,000.

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.