Sprouts Farmers Market (NASDAQ:SFM) PT Raised to $130.00 at Evercore ISI

Sprouts Farmers Market (NASDAQ:SFM) had its price objective boosted by research analysts at Evercore ISI from $125.00 to $130.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 9.38% from the stock’s previous close.

Several other research analysts have also commented on SFM. Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. BMO Capital Markets raised shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $40.00 to $102.00 in a research report on Tuesday, July 30th. Bank of America boosted their target price on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, Melius Research initiated coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $102.40.

Sprouts Farmers Market Stock Up 0.5 %

Shares of NASDAQ SFM opened at $118.85 on Tuesday. The stock has a market capitalization of $11.90 billion, a PE ratio of 37.26, a P/E/G ratio of 3.29 and a beta of 0.56. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $106.82 and a 200-day moving average of $88.65. Sprouts Farmers Market has a 52-week low of $39.76 and a 52-week high of $118.90.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.78 by $0.16. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, analysts anticipate that Sprouts Farmers Market will post 3.37 EPS for the current year.

Insider Buying and Selling

In other news, insider Dustin Hamilton sold 921 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $113.60, for a total value of $104,625.60. Following the completion of the sale, the insider now directly owns 25,251 shares in the company, valued at approximately $2,868,513.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $113.60, for a total value of $104,625.60. Following the transaction, the insider now directly owns 25,251 shares in the company, valued at approximately $2,868,513.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $112.41, for a total transaction of $642,310.74. Following the sale, the chief executive officer now directly owns 211,004 shares of the company’s stock, valued at approximately $23,718,959.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,142 shares of company stock worth $12,401,112. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Several hedge funds have recently made changes to their positions in SFM. Vanguard Group Inc. boosted its stake in Sprouts Farmers Market by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock valued at $690,966,000 after purchasing an additional 29,362 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Sprouts Farmers Market by 15.4% during the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after buying an additional 593,600 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Sprouts Farmers Market by 9.8% during the first quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after buying an additional 297,067 shares during the period. Marshall Wace LLP grew its holdings in Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after buying an additional 973,666 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Sprouts Farmers Market by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company’s stock valued at $96,080,000 after acquiring an additional 6,085 shares during the period.

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.