Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $170.00

Sprouts Farmers Market (NASDAQ:SFM) had its target price boosted by Wells Fargo & Company from $140.00 to $170.00 in a research note issued to investors on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other equities analysts also recently issued reports on SFM. UBS Group raised their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Evercore ISI raised their price objective 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. BMO Capital Markets raised their price objective on 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. Finally, The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $152.40.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $143.32 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $14.13 billion, a PE ratio of 38.12, a P/E/G ratio of 2.31 and a beta of 0.63. Sprouts Farmers Market has a 12 month low of $52.57 and a 12 month high of $178.99. The stock has a 50-day moving average price of $148.11 and a two-hundred day moving average price of $130.10.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Analysts expect that Sprouts Farmers Market will post 4.29 EPS for the current year.

Insider Buying and Selling

In other Sprouts Farmers Market news, 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 approximately $1,619,029.86. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 2,915 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the sale, the chief executive officer now directly owns 143,669 shares of the company’s stock, valued at $24,070,304.26. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,614 shares of company stock valued at $6,323,731 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds have recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Sprouts Farmers Market by 26.8% during the third quarter. Creative Planning now owns 37,979 shares of the company’s stock valued at $4,193,000 after buying an additional 8,017 shares during the last quarter. Raymond James & Associates boosted its position in shares of Sprouts Farmers Market by 42.4% during the third quarter. Raymond James & Associates now owns 44,124 shares of the company’s stock valued at $4,872,000 after buying an additional 13,142 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Sprouts Farmers Market by 6.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 74,228 shares of the company’s stock valued at $8,196,000 after buying an additional 4,347 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Sprouts Farmers Market by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock valued at $402,000 after buying an additional 158 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Sprouts Farmers Market by 67.4% during the third quarter. Private Advisor Group LLC now owns 7,667 shares of the company’s stock valued at $847,000 after buying an additional 3,087 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.