Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $57.25 Consensus Target Price from Analysts

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $57.25.

A number of brokerages have recently commented on SFM. Evercore ISI lifted their price target on Sprouts Farmers Market from $68.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday, May 14th. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Wells Fargo & Company lifted their price objective on Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Sprouts Farmers Market from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. Finally, BMO Capital Markets lifted their price objective on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a research note on Thursday, May 2nd.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $62.40, for a total value of $249,600.00. Following the transaction, the director now directly owns 10,990 shares of the company’s stock, valued at $685,776. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Jack Sinclair sold 31,710 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the completion of the sale, the chief executive officer now owns 274,981 shares in the company, valued at $17,332,052.43. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Douglas Gregory Rauch sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $62.40, for a total value of $249,600.00. Following the sale, the director now owns 10,990 shares of the company’s stock, valued at approximately $685,776. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,945 shares of company stock valued at $10,559,002. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

Hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC bought a new stake in shares of Sprouts Farmers Market during the first quarter valued at approximately $26,000. Blue Bell Private Wealth Management LLC bought a new stake in Sprouts Farmers Market during the first quarter worth $36,000. VisionPoint Advisory Group LLC bought a new stake in Sprouts Farmers Market during the third quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Sprouts Farmers Market during the fourth quarter worth $38,000. Finally, GAMMA Investing LLC bought a new stake in Sprouts Farmers Market during the fourth quarter worth $43,000.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $76.13 on Thursday. The business’s 50-day moving average price is $71.46 and its two-hundred day moving average price is $59.39. Sprouts Farmers Market has a 12-month low of $33.01 and a 12-month high of $82.96. The stock has a market cap of $7.65 billion, a PE ratio of 25.97, a P/E/G ratio of 2.94 and a beta of 0.50. The company has a quick ratio of 0.65, a current ratio of 1.19 and a debt-to-equity ratio of 0.11.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the firm posted $0.98 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, analysts expect that Sprouts Farmers Market will post 3.11 earnings per share for the current fiscal year.

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.