Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $130.00

Sprouts Farmers Market (NASDAQ:SFM) had its target price boosted by Wells Fargo & Company from $90.00 to $130.00 in a research report released on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also issued reports on the company. Roth Mkm boosted their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Bank of America boosted their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $111.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target for the company. Finally, Evercore ISI raised their price objective on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $112.20.

Sprouts Farmers Market Trading Up 2.6 %

Shares of NASDAQ SFM traded up $3.37 during midday trading on Thursday, hitting $131.80. The stock had a trading volume of 200,874 shares, compared to its average volume of 1,321,927. The firm has a market cap of $13.20 billion, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 2.73 and a beta of 0.56. Sprouts Farmers Market has a fifty-two week low of $39.98 and a fifty-two week high of $135.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The company’s 50-day simple moving average is $108.91 and its 200 day simple moving average is $90.61.

Sprouts Farmers Market (NASDAQ:SFM) last posted 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. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 29.02%. Sprouts Farmers Market’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. Research analysts anticipate that Sprouts Farmers Market will post 3.4 EPS for the current year.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 5,714 shares of the 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 sale, the chief executive officer now owns 233,860 shares in the company, valued at approximately $22,338,307.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares of the company’s stock, valued at $2,651,373.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $95.52, for a total transaction of $545,801.28. Following the transaction, the chief executive officer now owns 233,860 shares in the company, valued at approximately $22,338,307.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,543 shares of company stock valued at $5,751,870 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Crewe Advisors LLC boosted its holdings in shares of Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after purchasing an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at approximately $38,000. Quarry LP lifted its stake in Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter worth $60,000.

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.