Sprouts Farmers Market (NASDAQ:SFM) Price Target Increased to $77.00 by Analysts at Evercore ISI

Sprouts Farmers Market (NASDAQ:SFM) had its price objective upped by Evercore ISI from $75.00 to $77.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has an in-line rating on the stock.

Several other equities analysts have also commented on SFM. UBS Group increased their target price on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the company a neutral rating in a report on Friday, June 28th. Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an underweight rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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 report on Monday, April 29th. Finally, BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the company an underperform rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $64.25.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $82.97 on Tuesday. The company’s fifty day moving average price is $76.74 and its 200-day moving average price is $63.48. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 3.19 and a beta of 0.55. Sprouts Farmers Market has a one year low of $36.16 and a one year high of $84.46. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, equities research analysts anticipate that Sprouts Farmers Market will post 3.12 earnings per share for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,718 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $77.07, for a total value of $440,686.26. Following the completion of the sale, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO Nicholas Konat sold 31,000 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $74.14, for a total transaction of $2,298,340.00. Following the completion of the transaction, the chief operating officer now directly owns 51,495 shares of the company’s stock, valued at approximately $3,817,839.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jack Sinclair sold 5,718 shares of Sprouts Farmers Market stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26. Following the transaction, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at $19,785,102.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,433 shares of company stock valued at $4,522,865. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Sprouts Farmers Market by 37.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,272 shares of the company’s stock valued at $106,000 after purchasing an additional 344 shares in the last quarter. Cetera Advisors LLC bought a new stake in shares of Sprouts Farmers Market in the first quarter worth approximately $349,000. Cetera Investment Advisers grew its stake in shares of Sprouts Farmers Market by 505.2% in the first quarter. Cetera Investment Advisers now owns 52,697 shares of the company’s stock worth $3,398,000 after acquiring an additional 43,990 shares during the period. LRI Investments LLC bought a new stake in shares of Sprouts Farmers Market in the first quarter worth approximately $118,000. Finally, EMC Capital Management grew its stake in shares of Sprouts Farmers Market by 29.6% in the first quarter. EMC Capital Management now owns 19,581 shares of the company’s stock worth $1,263,000 after acquiring an additional 4,473 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.