Evercore ISI Increases Sprouts Farmers Market (NASDAQ:SFM) Price Target to $75.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective boosted by research analysts at Evercore ISI from $74.00 to $75.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s target price indicates a potential downside of 3.04% from the stock’s current price.

Several other research analysts have also weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Oppenheimer reiterated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, May 9th. BMO Capital Markets increased their price objective on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday, May 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus price target of $57.88.

Sprouts Farmers Market Stock Up 0.5 %

SFM stock opened at $77.35 on Thursday. The company has a fifty day moving average price of $74.09 and a 200 day moving average price of $61.51. Sprouts Farmers Market has a 12 month low of $33.13 and a 12 month high of $82.96. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 2.97 and a beta of 0.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the company posted $0.98 EPS. Sprouts Farmers Market’s revenue was up 8.7% compared to the same quarter last year. Sell-side analysts expect that Sprouts Farmers Market will post 3.12 earnings per share for the current year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 5,174 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $74.97, for a total value of $387,894.78. Following the sale, the insider now directly owns 6,052 shares in the company, valued at $453,718.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 5,174 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $74.97, for a total transaction of $387,894.78. Following the sale, the insider now owns 6,052 shares in the company, valued at approximately $453,718.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David Mcglinchey sold 12,219 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $74.01, for a total value of $904,328.19. Following the sale, the insider now owns 25,007 shares in the company, valued at approximately $1,850,768.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,715 shares of company stock worth $4,082,179. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

Several large investors have recently made changes to their positions in the company. VisionPoint Advisory Group LLC bought a new stake in Sprouts Farmers Market during the third quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in Sprouts Farmers Market during the first quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC bought a new stake in Sprouts Farmers Market during the first quarter worth approximately $36,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Sprouts Farmers Market during the fourth quarter worth approximately $38,000. Finally, GAMMA Investing LLC bought a new stake in Sprouts Farmers Market during the fourth quarter worth approximately $43,000.

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.