Sprouts Farmers Market (NASDAQ:SFM) Given New $96.00 Price Target at Evercore ISI

Sprouts Farmers Market (NASDAQ:SFM) had its price target upped by Evercore ISI from $84.00 to $96.00 in a research note released on Tuesday, MarketBeat.com reports. Evercore ISI currently has an in-line rating on the stock.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $78.00 to $89.00 and gave the company a buy rating in a research note on Wednesday, July 10th. Wells Fargo & Company raised shares of Sprouts Farmers Market from an underweight rating to an equal weight rating and raised their price target for the company from $62.00 to $90.00 in a report on Tuesday. Bank of America raised their price target on shares of Sprouts Farmers Market from $84.00 to $100.00 and gave the company a buy rating in a report on Tuesday. Roth Mkm raised their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a neutral rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a hold rating in a report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $93.38.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $97.67 on Tuesday. The company’s fifty day simple moving average is $81.83 and its 200-day simple moving average is $68.85. Sprouts Farmers Market has a 52 week low of $37.10 and a 52 week high of $103.80. The company has a current ratio of 1.03, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01. The company has a market cap of $9.78 billion, a PE ratio of 33.68, a P/E/G ratio of 2.84 and a beta of 0.55.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Sprouts Farmers Market will post 3.38 EPS for the current year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,718 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26. Following the completion of the transaction, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,718 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26. Following the completion of the transaction, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Nicholas Konat sold 31,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $74.14, for a total transaction of $2,298,340.00. Following the transaction, the chief operating officer now directly owns 51,495 shares of the company’s stock, valued at $3,817,839.30. The disclosure for this sale can be found here. Insiders sold a total of 132,746 shares of company stock valued at $11,648,541 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in shares of Sprouts Farmers Market by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 324,805 shares of the company’s stock worth $27,173,000 after purchasing an additional 1,862 shares in the last quarter. Versor Investments LP raised its holdings in shares of Sprouts Farmers Market by 45.8% in the 2nd quarter. Versor Investments LP now owns 16,197 shares of the company’s stock worth $1,355,000 after purchasing an additional 5,091 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of Sprouts Farmers Market in the 2nd quarter worth approximately $236,000. Verus Capital Partners LLC raised its holdings in shares of Sprouts Farmers Market by 18.4% in the 2nd quarter. Verus Capital Partners LLC now owns 18,714 shares of the company’s stock worth $1,566,000 after purchasing an additional 2,904 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 5.3% in the 2nd quarter. Resonant Capital Advisors LLC now owns 8,875 shares of the company’s stock worth $742,000 after purchasing an additional 446 shares in 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.