UBS Group Raises Sprouts Farmers Market (NASDAQ:SFM) Price Target to $195.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective hoisted by equities research analysts at UBS Group from $132.00 to $195.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 14.84% from the company’s previous close.

Several other brokerages also recently weighed in on SFM. 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 research report on Tuesday, February 11th. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets boosted their price objective 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. Evercore ISI upped their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company upped their price target on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $134.50.

Sprouts Farmers Market Trading Down 3.5 %

NASDAQ SFM opened at $169.80 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a 52 week low of $52.24 and a 52 week high of $178.99. The stock has a market capitalization of $16.98 billion, a PE ratio of 49.08, a price-to-earnings-growth ratio of 2.08 and a beta of 0.63. The firm has a 50 day moving average of $148.20 and a two-hundred day moving average of $129.27.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. As a group, research analysts expect that Sprouts Farmers Market will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, Director Joseph D. O’leary sold 350 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the transaction, the director now directly owns 17,991 shares of the company’s stock, valued at $2,700,629.01. This represents a 1.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 30,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the transaction, the chief executive officer now directly owns 163,862 shares in the company, valued at approximately $24,454,764.88. This trade represents a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,614 shares of company stock valued at $6,323,731. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wesbanco Bank Inc. grew its stake in shares of Sprouts Farmers Market by 0.3% during the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock worth $3,642,000 after purchasing an additional 77 shares during the period. EverSource Wealth Advisors LLC grew its stake in Sprouts Farmers Market by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock valued at $251,000 after acquiring an additional 77 shares during the last quarter. Greenleaf Trust grew its stake in Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after acquiring an additional 80 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in Sprouts Farmers Market by 1.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after acquiring an additional 90 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in Sprouts Farmers Market by 0.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock valued at $3,896,000 after acquiring an additional 95 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.