Analysts Set Sprouts Farmers Market, Inc. (NASDAQ:SFM) Target Price at $167.00

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) have been given a consensus recommendation of “Hold” by the fourteen analysts that are covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $167.00.

SFM has been the topic of a number of research reports. Roth Mkm raised their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and increased their target price for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Friday, February 28th. Finally, Bank of America lifted their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th.

Insider Activity

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 1,065 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $134.97, for a total transaction of $143,743.05. Following the sale, the insider now directly owns 9,830 shares in the company, valued at approximately $1,326,755.10. The trade was a 9.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Sinclair sold 2,935 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the completion of the transaction, the chief executive officer now owns 149,499 shares of the company’s stock, valued at approximately $20,741,491.26. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,784 shares of company stock worth $13,534,466 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Sprouts Farmers Market by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock valued at $1,347,554,000 after purchasing an additional 56,652 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Sprouts Farmers Market by 0.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company’s stock valued at $567,322,000 after buying an additional 24,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in Sprouts Farmers Market by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock valued at $275,634,000 after buying an additional 56,161 shares during the last quarter. Marshall Wace LLP increased its position in Sprouts Farmers Market by 10.1% during the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company’s stock worth $234,231,000 after buying an additional 168,605 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Sprouts Farmers Market by 22.9% in the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock worth $201,139,000 after acquiring an additional 294,553 shares during the last quarter.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $145.29 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market has a 1-year low of $61.61 and a 1-year high of $178.99. The stock has a market cap of $14.24 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The firm has a fifty day moving average price of $152.55 and a 200 day moving average price of $139.42.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, sell-side analysts anticipate that Sprouts Farmers Market will post 4.29 EPS for the current year.

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.