Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $96.56 Average PT from Analysts

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $99.22.

Several brokerages have weighed in on SFM. The Goldman Sachs Group upped their price target on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. BMO Capital Markets upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $40.00 to $102.00 in a research note on Tuesday, July 30th. Royal Bank of Canada began coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price for the company. Finally, Roth Mkm boosted their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th.

Sprouts Farmers Market Stock Performance

SFM opened at $106.61 on Friday. The firm has a fifty day moving average price of $93.85 and a 200 day moving average price of $79.22. Sprouts Farmers Market has a 1 year low of $39.50 and a 1 year high of $107.90. The stock has a market cap of $10.71 billion, a P/E ratio of 36.76, a P/E/G ratio of 2.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44.

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 analysts’ consensus estimates of $0.78 by $0.16. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. Sprouts Farmers Market’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. Equities research analysts anticipate that Sprouts Farmers Market will post 3.37 earnings per share for the current year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the sale, the insider now owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total value of $5,680,000.00. Following the sale, the insider now directly owns 10,895 shares in the company, valued at approximately $1,089,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $48,760.00. Following the completion of the transaction, the insider now owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,939 shares of company stock valued at $12,571,295. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SFM. Mercer Global Advisors Inc. ADV lifted its holdings in Sprouts Farmers Market by 0.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock worth $1,566,000 after purchasing an additional 148 shares during the last quarter. Ironwood Investment Counsel LLC raised its holdings in Sprouts Farmers Market by 3.8% in 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 period. Parallel Advisors LLC lifted its position in Sprouts Farmers Market by 11.7% during the 4th quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock worth $96,000 after acquiring an additional 208 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Sprouts Farmers Market by 3.1% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock valued at $344,000 after acquiring an additional 216 shares during the period. Finally, Crewe Advisors LLC grew its position in shares of Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after purchasing an additional 219 shares during the last quarter.

About Sprouts Farmers Market

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.