Roth Mkm Raises Sprouts Farmers Market (NASDAQ:SFM) Price Target to $146.00

Sprouts Farmers Market (NASDAQ:SFM) had its target price lifted by Roth Mkm from $105.00 to $146.00 in a research note published on Friday morning,Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

A number of other equities research analysts also recently commented on SFM. BMO Capital Markets upped their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Evercore ISI upped their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday. Bank of America upped 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 note on Tuesday, February 11th. Finally, The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $152.40.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $143.32 on Friday. The company has a market cap of $14.33 billion, a PE ratio of 41.42, a PEG ratio of 2.39 and a beta of 0.63. 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 1 year low of $52.57 and a 1 year high of $178.99. The company’s 50-day moving average is $148.11 and its two-hundred day moving average is $129.61.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data 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. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Equities analysts anticipate that Sprouts Farmers Market will post 3.7 earnings per share for the current year.

Insider Transactions at Sprouts Farmers Market

In other news, Director Joseph D. O’leary sold 350 shares of the business’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 in the company, valued at $2,700,629.01. The trade was a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the transaction, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,614 shares of company stock valued at $6,323,731 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wesbanco Bank Inc. grew its position in Sprouts Farmers Market by 0.3% in the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Sprouts Farmers Market by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after buying an additional 77 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Sprouts Farmers Market by 1.2% during the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after buying an additional 80 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 1.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after acquiring an additional 90 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Sprouts Farmers Market by 0.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock valued at $3,896,000 after acquiring an additional 95 shares in 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.