BMO Capital Markets Cuts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $120.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective trimmed by BMO Capital Markets from $170.00 to $120.00 in a report published on Wednesday morning, MarketBeat reports. The firm currently has a market perform rating on the stock.

A number of other equities research analysts also recently issued reports on SFM. Jefferies Financial Group raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Friday, August 1st. Evercore ISI decreased their price target on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. started coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They set a “neutral” rating and a $159.00 price target on the stock. Wall Street Zen downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Wells Fargo & Company raised shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.79.

Sprouts Farmers Market Price Performance

SFM opened at $106.25 on Wednesday. Sprouts Farmers Market has a 1-year low of $98.75 and a 1-year high of $182.00. The company has a 50 day simple moving average of $123.62 and a two-hundred day simple moving average of $148.67. The firm has a market cap of $10.38 billion, a P/E ratio of 21.86, a PEG ratio of 1.22 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Equities analysts anticipate that Sprouts Farmers Market will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its board has approved a share buyback program on Tuesday, August 19th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 7,200 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $138.95, for a total value of $1,000,440.00. Following the transaction, the insider directly owned 16,349 shares in the company, valued at approximately $2,271,693.55. This represents a 30.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $137.06, for a total transaction of $588,261.52. Following the transaction, the chief technology officer owned 9,167 shares in the company, valued at approximately $1,256,429.02. The trade was a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,429 shares of company stock valued at $5,351,362. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFM. Newbridge Financial Services Group Inc. bought a new position in Sprouts Farmers Market during the 2nd quarter worth about $29,000. Dogwood Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at about $30,000. Truvestments Capital LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at about $35,000. SVB Wealth LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at about $36,000. Finally, Brooklyn Investment Group lifted its position in shares of Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock valued at $37,000 after buying an additional 242 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.