Wells Fargo & Company Raises Sprouts Farmers Market (NASDAQ:SFM) Price Target to $170.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target upped by research analysts at Wells Fargo & Company from $140.00 to $170.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 0.12% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. UBS Group raised their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday. 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 note on Friday, November 1st. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Bank of America boosted their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets raised their price target 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, October 31st. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $137.50.

Sprouts Farmers Market Stock Down 3.5 %

SFM stock opened at $169.80 on Friday. Sprouts Farmers Market has a 1-year low of $52.24 and a 1-year high of $178.99. The business’s 50 day simple moving average is $148.20 and its 200 day simple moving average is $129.27. 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 capitalization of $16.98 billion, a PE ratio of 49.08, a PEG ratio of 2.39 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. As a group, research analysts anticipate that Sprouts Farmers Market will post 3.7 EPS for the current year.

Insider Activity

In related news, Director Joseph D. O’leary sold 350 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the sale, the director now directly owns 17,991 shares of the company’s stock, valued at $2,700,629.01. This trade represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 2,935 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the transaction, the chief executive officer now directly owns 149,499 shares of the company’s stock, valued at approximately $20,741,491.26. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,614 shares of company stock worth $6,323,731. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Accent Capital Management LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sprouts Farmers Market during the 4th quarter worth $31,000. Avior Wealth Management LLC increased its holdings in Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares in the last quarter. GeoWealth Management LLC raised its position in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after purchasing an additional 142 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during 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.