Evercore ISI Raises Sprouts Farmers Market (NASDAQ:SFM) Price Target to $130.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective hoisted by Evercore ISI from $125.00 to $130.00 in a report published on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

SFM has been the topic of a number of other reports. UBS Group raised their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Roth Mkm lifted their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $40.00 to $102.00 in a research note on Tuesday, July 30th. Bank of America lifted their price objective on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Melius Research initiated coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price for the company. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $102.40.

Sprouts Farmers Market Stock Up 0.7 %

SFM stock opened at $118.27 on Tuesday. The business’s 50-day moving average price is $106.35 and its 200-day moving average price is $88.44. 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 company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a twelve month low of $39.76 and a twelve month high of $118.59.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, beating 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 company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. On average, equities research analysts forecast that Sprouts Farmers Market will post 3.37 EPS for the current year.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the stock in a transaction on 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 transaction, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $95.52, for a total transaction of $545,801.28. Following the transaction, the chief executive officer now owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the sale, the insider now owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,142 shares of company stock worth $12,401,112. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently made changes to their positions in SFM. UMB Bank n.a. grew its holdings in Sprouts Farmers Market by 26.3% during the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $67,000 after purchasing an additional 126 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Sprouts Farmers Market by 0.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after buying an additional 148 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock worth $402,000 after buying an additional 158 shares during the period. Ironwood Investment Counsel LLC lifted its stake in shares of Sprouts Farmers Market by 3.8% during the 1st quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock worth $340,000 after acquiring an additional 195 shares during the last quarter. Finally, Crewe Advisors LLC boosted its holdings in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after acquiring an additional 219 shares during the period.

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.