Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $170.00 at Wells Fargo & Company

Sprouts Farmers Market (NASDAQ:SFM) had its price target increased by Wells Fargo & Company from $140.00 to $170.00 in a report released on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts also recently issued reports about the company. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Bank of America boosted their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $152.40.

Sprouts Farmers Market Stock Down 15.6 %

SFM stock opened at $143.32 on Friday. The stock has a market capitalization of $14.33 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The company has a fifty day moving average of $148.11 and a 200-day moving average of $129.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market has a one year low of $52.57 and a one year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. As a group, analysts expect that Sprouts Farmers Market will post 3.7 EPS for the current year.

Insiders Place Their Bets

In related news, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the sale, the director now owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This trade represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jack Sinclair sold 2,935 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total transaction of $407,201.90. Following the completion of the transaction, the chief executive officer now directly owns 149,499 shares of the company’s stock, valued at $20,741,491.26. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,614 shares of company stock worth $6,323,731. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds have recently modified their holdings of the company. Accent Capital Management LLC purchased a new position in shares of Sprouts Farmers Market during the third quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprouts Farmers Market in the 4th quarter valued at $31,000. Avior Wealth Management LLC lifted its stake in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares during the period. GeoWealth Management LLC boosted its holdings in shares of Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after purchasing an additional 142 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the last quarter.

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.