Sprouts Farmers Market (NASDAQ:SFM) PT Raised to $94.00 at UBS Group

Sprouts Farmers Market (NASDAQ:SFM) had its price target boosted by equities researchers at UBS Group from $68.00 to $94.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 12.36% from the stock’s current price.

A number of other brokerages have also weighed in on SFM. Evercore ISI lifted their price objective on Sprouts Farmers Market from $74.00 to $75.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, May 9th. Oppenheimer reissued a “market perform” rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets boosted their price target on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $64.00.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $83.66 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. Sprouts Farmers Market has a 52-week low of $35.85 and a 52-week high of $83.71. The business’s 50-day moving average price is $76.03 and its 200 day moving average price is $62.88. The firm has a market cap of $8.41 billion, a P/E ratio of 28.85, a P/E/G ratio of 3.12 and a beta of 0.51.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the company posted $0.98 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. On average, equities research analysts expect that Sprouts Farmers Market will post 3.12 earnings per share for the current year.

Insider Buying and Selling

In related news, insider David Mcglinchey sold 12,219 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $74.01, for a total value of $904,328.19. Following the transaction, the insider now directly owns 25,007 shares of the company’s stock, valued at approximately $1,850,768.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider David Mcglinchey sold 12,219 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $74.01, for a total value of $904,328.19. Following the completion of the sale, the insider now directly owns 25,007 shares in the company, valued at approximately $1,850,768.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kim Coffin sold 1,322 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.05, for a total value of $99,216.10. Following the completion of the sale, the senior vice president now owns 5,500 shares of the company’s stock, valued at $412,775. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,433 shares of company stock valued at $4,522,865. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Sprouts Farmers Market

Several large investors have recently modified their holdings of SFM. Mariner LLC grew its stake in shares of Sprouts Farmers Market by 5.4% during the third quarter. Mariner LLC now owns 16,455 shares of the company’s stock valued at $704,000 after acquiring an additional 846 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of Sprouts Farmers Market by 3.2% during the third quarter. Natixis Advisors L.P. now owns 11,872 shares of the company’s stock valued at $508,000 after acquiring an additional 367 shares in the last quarter. Profund Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter valued at about $212,000. O Shaughnessy Asset Management LLC lifted its position in shares of Sprouts Farmers Market by 7.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 32,049 shares of the company’s stock worth $1,372,000 after purchasing an additional 2,095 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Sprouts Farmers Market during the third quarter worth about $581,000.

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.