Sprouts Farmers Market (NASDAQ:SFM) Price Target Increased to $89.00 by Analysts at The Goldman Sachs Group

Sprouts Farmers Market (NASDAQ:SFMFree Report) had its price target upped by The Goldman Sachs Group from $78.00 to $89.00 in a report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the company. Oppenheimer reiterated a market perform rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. UBS Group lifted their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a neutral rating in a research note on Friday, June 28th. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an underperform rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the stock a hold rating in a research note on Thursday, May 9th. Finally, Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an underweight rating in a research report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of Hold and an average price target of $66.50.

View Our Latest Report on Sprouts Farmers Market

Sprouts Farmers Market Price Performance

SFM stock opened at $80.44 on Wednesday. The business’s fifty day moving average price is $78.64 and its 200 day moving average price is $64.78. Sprouts Farmers Market has a 12-month low of $36.21 and a 12-month high of $84.46. The company has a market capitalization of $8.08 billion, a PE ratio of 27.74, a P/E/G ratio of 3.15 and a beta of 0.55. The company has a current ratio of 1.19, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.12. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. On average, sell-side analysts anticipate that Sprouts Farmers Market will post 3.12 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 5,718 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 5,174 shares of Sprouts Farmers Market stock in a transaction on Monday, May 6th. The shares were sold at an average price of $74.97, for a total value of $387,894.78. Following the transaction, the insider now directly owns 6,052 shares in the company, valued at $453,718.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jack Sinclair sold 5,718 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $77.07, for a total transaction of $440,686.26. Following the sale, the chief executive officer now owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,147 shares of company stock valued at $4,999,299. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Sprouts Farmers Market

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market in the first quarter valued at about $36,000. VisionPoint Advisory Group LLC acquired a new position in shares of Sprouts Farmers Market during the third quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Sprouts Farmers Market during the fourth quarter worth about $38,000. Finally, GAMMA Investing LLC purchased a new position in Sprouts Farmers Market during the fourth quarter worth about $43,000.

Sprouts Farmers Market Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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