BMO Capital Markets Increases Sprouts Farmers Market (NASDAQ:SFM) Price Target to $40.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective boosted by BMO Capital Markets from $31.00 to $40.00 in a report released on Thursday, Benzinga reports. They currently have an underperform rating on the stock.

SFM has been the subject of several other reports. Evercore ISI dropped their price objective on Sprouts Farmers Market from $62.00 to $61.00 and set an in-line rating for the company in a report on Tuesday, April 16th. Bank of America upgraded shares of Sprouts Farmers Market from an underperform rating to a buy rating and raised their price objective for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. Oppenheimer reiterated a market perform rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Finally, The Goldman Sachs Group upped their price objective on Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of Hold and an average target price of $53.50.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $73.68 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65. Sprouts Farmers Market has a one year low of $32.12 and a one year high of $74.03. The company has a fifty day moving average price of $63.94 and a 200 day moving average price of $53.01. The stock has a market cap of $7.40 billion, a P/E ratio of 25.41, a PEG ratio of 2.64 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Analysts anticipate that Sprouts Farmers Market will post 3.1 earnings per share for the current year.

Insider Transactions at Sprouts Farmers Market

In related news, COO Nicholas Konat sold 31,846 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $62.13, for a total value of $1,978,591.98. Following the completion of the transaction, the chief operating officer now owns 82,495 shares of the company’s stock, valued at approximately $5,125,414.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 5,353 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.62, for a total transaction of $329,851.86. Following the sale, the insider now owns 10,895 shares of the company’s stock, valued at $671,349.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nicholas Konat sold 31,846 shares of Sprouts Farmers Market stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $62.13, for a total value of $1,978,591.98. Following the completion of the transaction, the chief operating officer now directly owns 82,495 shares of the company’s stock, valued at $5,125,414.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,852 shares of company stock valued at $10,032,745. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PFG Investments LLC lifted its position in shares of Sprouts Farmers Market by 4.2% during the first quarter. PFG Investments LLC now owns 4,504 shares of the company’s stock valued at $290,000 after purchasing an additional 181 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Sprouts Farmers Market by 11.7% during the fourth quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock worth $96,000 after acquiring an additional 208 shares during the period. Xponance Inc. boosted its position in Sprouts Farmers Market by 1.4% in the fourth quarter. Xponance Inc. now owns 14,976 shares of the company’s stock worth $720,000 after purchasing an additional 209 shares during the last quarter. Baldwin Brothers LLC MA increased its position in shares of Sprouts Farmers Market by 20.0% during the 4th quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock valued at $61,000 after purchasing an additional 210 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its position in Sprouts Farmers Market by 3.1% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock valued at $344,000 after buying an additional 216 shares during the period.

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.