Sprouts Farmers Market (NASDAQ:SFM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Sprouts Farmers Market (NASDAQ:SFM) had its price target boosted by investment analysts at Wells Fargo & Company from $90.00 to $130.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 1.22% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Evercore ISI raised their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. 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. BMO Capital Markets increased their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday. Melius Research assumed coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. Finally, Roth Mkm upped their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.20.

Sprouts Farmers Market Trading Up 8.1 %

Shares of SFM stock traded up $9.59 during trading hours on Thursday, reaching $128.43. 4,111,462 shares of the stock traded hands, compared to its average volume of 1,326,270. The business has a fifty day moving average price of $108.91 and a 200 day moving average price of $90.61. Sprouts Farmers Market has a 1-year low of $39.76 and a 1-year high of $135.10. 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 market capitalization of $12.86 billion, a PE ratio of 40.26, a PEG ratio of 2.75 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities research analysts forecast that Sprouts Farmers Market will post 3.39 EPS for the current year.

Insiders Place Their Bets

In related news, Director Joe Fortunato sold 7,895 shares of Sprouts Farmers Market stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $98.38, for a total transaction of $776,710.10. Following the completion of the transaction, the director now directly owns 45,071 shares of the company’s stock, valued at $4,434,084.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Sprouts Farmers Market news, Director Joe Fortunato sold 7,895 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $98.38, for a total transaction of $776,710.10. Following the sale, the director now owns 45,071 shares of the company’s stock, valued at $4,434,084.98. This represents 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. Also, 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 transaction of $104,625.60. Following the completion of the transaction, the insider now owns 25,251 shares of the company’s stock, valued at $2,868,513.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,438 shares of company stock worth $6,528,580 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

Several institutional investors have recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of Sprouts Farmers Market by 26.3% during the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock worth $67,000 after acquiring an additional 126 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Sprouts Farmers Market by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock worth $1,566,000 after buying an additional 148 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Sprouts Farmers Market by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock valued at $402,000 after acquiring an additional 158 shares during the period. Hanseatic Management Services Inc. increased its position in Sprouts Farmers Market by 23.3% during the third quarter. Hanseatic Management Services Inc. now owns 931 shares of the company’s stock worth $103,000 after acquiring an additional 176 shares during the period. Finally, Ironwood Investment Counsel LLC raised its position in shares of Sprouts Farmers Market by 3.8% in the first quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock valued at $340,000 after buying an additional 195 shares in the last quarter.

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.