Sprouts Farmers Market (NASDAQ:SFM) Stock Price Expected to Rise, Roth Mkm Analyst Says

Sprouts Farmers Market (NASDAQ:SFM) had its price target upped by Roth Mkm from $105.00 to $146.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Roth Mkm’s price target would suggest a potential upside of 1.87% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Wells Fargo & Company increased their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets increased their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Bank of America increased their price target on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $152.40.

Sprouts Farmers Market Price Performance

SFM opened at $143.32 on Friday. The stock’s 50-day moving average price is $148.11 and its 200 day moving average price is $129.85. Sprouts Farmers Market has a 12-month low of $52.57 and a 12-month high of $178.99. 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 firm has a market cap of $14.33 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 2.31 and a beta of 0.63.

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

Insider Activity

In related 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 transaction of $104,223.00. Following the transaction, the director now owns 10,874 shares in the company, valued at $1,619,029.86. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jack Sinclair sold 2,915 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares in the company, valued at $24,070,304.26. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,614 shares of company stock worth $6,323,731. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new position in Sprouts Farmers Market during the 3rd quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sprouts Farmers Market during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC grew its stake in 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 buying an additional 130 shares during the last quarter. GeoWealth Management LLC grew its stake in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after buying an additional 142 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 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.