Brokerages Set Sprouts Farmers Market, Inc. (NASDAQ:SFM) PT at $118.40

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) have been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $118.40.

Several brokerages have recently issued reports on SFM. Melius Research started coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective for the company. The Goldman Sachs Group boosted 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. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Finally, Bank of America raised their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $128.50 on Monday. The business’s 50-day moving average price is $138.49 and its 200 day moving average price is $110.25. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a twelve month low of $47.63 and a twelve month high of $155.64. The company has a market capitalization of $12.85 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 2.23 and a beta of 0.58.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm posted $0.65 EPS. The company’s revenue was up 13.6% on a year-over-year basis. On average, research analysts predict that Sprouts Farmers Market will post 3.68 earnings per share for the current year.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $112.41, for a total transaction of $642,310.74. Following the completion of the sale, the chief executive officer now owns 211,004 shares in the company, valued at $23,718,959.64. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the transaction, the director now directly owns 17,991 shares in the company, valued at approximately $2,700,629.01. The trade was a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,569 shares of company stock worth $9,117,886. 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 stock. Accent Capital Management LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $25,000. Crewe Advisors LLC lifted its stake in Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Sprouts Farmers Market in the second quarter worth $29,000. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market during the third quarter valued at $38,000. Finally, Quarry LP increased its stake in Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares during 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.