Sprouts Farmers Market, Inc. (NASDAQ:SFM) Given Consensus Recommendation of “Hold” by Brokerages

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $119.40.

SFM has been the subject of a number of recent analyst reports. Bank of America increased their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price objective on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Evercore ISI upped their target price on 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 raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

Sprouts Farmers Market Trading Up 0.6 %

NASDAQ:SFM opened at $168.90 on Tuesday. The firm has a market capitalization of $16.89 billion, a P/E ratio of 48.82, a P/E/G ratio of 2.25 and a beta of 0.63. The business has a 50 day simple moving average of $144.46 and a 200 day simple moving average of $125.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market has a 12-month low of $50.89 and a 12-month high of $170.50.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,915 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now directly owns 143,669 shares in the company, valued at $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the sale, the director now owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,614 shares of company stock worth $6,323,731. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Avenue Securities LLC bought a new stake in Sprouts Farmers Market in the third quarter valued at $280,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at $218,000. CWM LLC grew its holdings in shares of Sprouts Farmers Market by 17.0% in the 3rd quarter. CWM LLC now owns 2,493 shares of the company’s stock worth $275,000 after purchasing an additional 362 shares during the last quarter. UMB Bank n.a. increased its position in shares of Sprouts Farmers Market by 26.3% during the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock worth $67,000 after purchasing an additional 126 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in Sprouts Farmers Market during the 3rd quarter valued at about $857,000.

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.