Sprouts Farmers Market (NASDAQ:SFM) Price Target Increased to $130.00 by Analysts at Evercore ISI

Sprouts Farmers Market (NASDAQ:SFM) had its price target boosted by research analysts at Evercore ISI from $125.00 to $130.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 9.38% from the company’s previous close.

SFM has been the subject of several other research reports. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price for the company. Bank of America lifted their target price on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target for the company. Wells Fargo & Company raised shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Finally, Roth Mkm increased 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 report on Tuesday, July 30th. 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.com, the company currently has an average rating of “Hold” and a consensus price target of $102.40.

Sprouts Farmers Market Stock Up 0.5 %

SFM stock opened at $118.85 on Tuesday. The firm has a market cap of $11.90 billion, a PE ratio of 37.26, a P/E/G ratio of 3.29 and a beta of 0.56. Sprouts Farmers Market has a 12 month low of $39.76 and a 12 month high of $118.90. 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 firm has a 50 day simple moving average of $106.82 and a 200 day simple moving average of $88.65.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.16. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. Equities research analysts forecast that Sprouts Farmers Market will post 3.37 earnings per share for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the sale, the insider now directly owns 27,188 shares in the company, valued at $2,651,373.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the transaction, the insider now owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timmi Zalatoris sold 56,800 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the sale, the insider now directly owns 10,895 shares in the company, valued at $1,089,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,142 shares of company stock worth $12,401,112. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Several large investors have recently bought and sold shares of the stock. RFG Advisory LLC acquired a new position in Sprouts Farmers Market in the 1st quarter valued at approximately $271,000. Ausbil Investment Management Ltd lifted its position in Sprouts Farmers Market by 38.6% in the first quarter. Ausbil Investment Management Ltd now owns 24,770 shares of the company’s stock worth $1,576,000 after purchasing an additional 6,902 shares during the period. Hennessy Advisors Inc. boosted its stake in Sprouts Farmers Market by 14.1% during the first quarter. Hennessy Advisors Inc. now owns 569,000 shares of the company’s stock worth $36,689,000 after buying an additional 70,300 shares in the last quarter. Aviance Capital Partners LLC increased its holdings in Sprouts Farmers Market by 4.1% in the 1st quarter. Aviance Capital Partners LLC now owns 36,029 shares of the company’s stock valued at $2,323,000 after buying an additional 1,405 shares during the period. Finally, AlphaMark Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $412,000.

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.