Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $127.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective upped by The Goldman Sachs Group from $111.00 to $127.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. Roth Mkm boosted their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. UBS Group increased their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Bank of America boosted their target price on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada started coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average target price of $102.40.

Sprouts Farmers Market Stock Up 0.7 %

Shares of NASDAQ SFM opened at $118.27 on Tuesday. The stock has a market cap of $11.84 billion, a P/E ratio of 37.08, a PEG ratio of 3.29 and a beta of 0.56. The business’s fifty day simple moving average is $106.35 and its 200-day simple moving average is $88.44. Sprouts Farmers Market has a 12-month low of $39.76 and a 12-month high of $118.59. 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 announced its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the business posted $0.71 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts predict that Sprouts Farmers Market will post 3.37 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the completion of the sale, the chief executive officer now owns 233,860 shares in the company, valued at $22,338,307.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jack Sinclair sold 5,714 shares of the company’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 completion of the sale, the chief executive officer now directly owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $113.60, for a total value of $104,625.60. Following the transaction, the insider now directly owns 25,251 shares in the company, valued at approximately $2,868,513.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,142 shares of company stock valued at $12,401,112 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds have recently modified their holdings of the stock. Marshall Wace LLP increased its stake in Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after buying an additional 973,666 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Sprouts Farmers Market by 15.4% in the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after acquiring an additional 593,600 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Sprouts Farmers Market by 9.8% in the first quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock valued at $216,419,000 after acquiring an additional 297,067 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of Sprouts Farmers Market by 41.3% during the second quarter. Hennessy Advisors Inc. now owns 804,100 shares of the company’s stock worth $67,271,000 after acquiring an additional 235,100 shares during the period. Finally, Millennium Management LLC raised its holdings in Sprouts Farmers Market by 314.8% during the second quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock worth $18,727,000 after purchasing an additional 169,888 shares in the last quarter.

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.