Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $160.00

Sprouts Farmers Market (NASDAQ:SFM) had its target price raised by Evercore ISI from $155.00 to $160.00 in a report issued on Tuesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. Melius Research initiated coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price for the company. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target for the company. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $118.40.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $151.71 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market has a 1-year low of $44.73 and a 1-year high of $155.64. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 2.28 and a beta of 0.58. The business’s fifty day moving average price is $130.62 and its 200-day moving average price is $103.97.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities analysts predict that Sprouts Farmers Market will post 3.68 earnings per share for the current year.

Insider Transactions at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 1,997 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $99.20, for a total transaction of $198,102.40. Following the sale, the insider now directly owns 26,172 shares of the company’s stock, valued at $2,596,262.40. This represents a 7.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the transaction, the director now directly owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. This trade represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,152 shares of company stock valued at $3,940,377. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Several institutional investors have recently bought and sold shares of the business. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at approximately $25,000. Crewe Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in Sprouts Farmers Market during the 2nd quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter worth about $38,000. Finally, Quarry LP lifted its stake in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares during 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.