Sprouts Farmers Market (NASDAQ:SFM) PT Raised to $77.00 at Evercore ISI

Sprouts Farmers Market (NASDAQ:SFM) had its price objective hoisted by Evercore ISI from $75.00 to $77.00 in a report issued on Tuesday morning, Benzinga reports. They currently have an in-line rating on the stock.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. UBS Group boosted their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a neutral rating in a research note on Friday, June 28th. Oppenheimer reiterated a market perform rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Sprouts Farmers Market from $60.00 to $63.00 and gave the company a hold rating in a research note on Thursday, May 9th. Finally, Wells Fargo & Company boosted their price objective on Sprouts Farmers Market from $48.00 to $62.00 and gave the company an underweight rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of Hold and an average target price of $64.25.

Sprouts Farmers Market Stock Down 0.7 %

Shares of NASDAQ:SFM opened at $82.97 on Tuesday. The business has a 50-day moving average price of $76.74 and a 200 day moving average price of $63.48. The company has a current ratio of 1.19, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 3.19 and a beta of 0.55. Sprouts Farmers Market has a 12-month low of $36.16 and a 12-month high of $84.46.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate 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 EPS for the current year.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 5,174 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $74.97, for a total value of $387,894.78. Following the completion of the transaction, the insider now owns 6,052 shares in the company, valued at $453,718.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Kim Coffin sold 1,322 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.05, for a total value of $99,216.10. Following the completion of the transaction, the senior vice president now owns 5,500 shares in the company, valued at $412,775. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brandon F. Lombardi sold 5,174 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $74.97, for a total value of $387,894.78. Following the completion of the transaction, the insider now owns 6,052 shares of the company’s stock, valued at approximately $453,718.44. The disclosure for this sale can be found here. Insiders sold a total of 60,433 shares of company stock valued at $4,522,865 over the last three months. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dorsey Wright & Associates purchased a new stake in Sprouts Farmers Market during the 4th quarter worth about $1,378,000. Point72 Asset Management L.P. boosted its stake in Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after buying an additional 1,237,610 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in Sprouts Farmers Market by 10.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 158,767 shares of the company’s stock worth $7,638,000 after buying an additional 14,401 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in Sprouts Farmers Market in the 4th quarter worth about $909,000. Finally, International Assets Investment Management LLC boosted its stake in Sprouts Farmers Market by 2,152.8% in the 4th quarter. International Assets Investment Management LLC now owns 65,670 shares of the company’s stock worth $3,159,000 after buying an additional 62,755 shares during 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.