Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $176.29 Consensus Price Target from Analysts

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $165.7857.

A number of equities analysts have recently issued reports on SFM shares. JPMorgan Chase & Co. dropped their target price on Sprouts Farmers Market from $159.00 to $124.00 and set a “neutral” rating for the company in a report on Thursday. Evercore ISI dropped their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday. BMO Capital Markets reissued a “market perform” rating on shares of Sprouts Farmers Market in a report on Wednesday. Royal Bank Of Canada set a $148.00 price target on Sprouts Farmers Market and gave the stock an “outperform” rating in a research report on Monday, October 13th. Finally, UBS Group set a $180.00 price target on Sprouts Farmers Market in a research report on Thursday, July 31st.

Sprouts Farmers Market Stock Up 0.2%

Sprouts Farmers Market stock opened at $108.28 on Friday. The business has a 50 day moving average price of $124.41 and a two-hundred day moving average price of $148.94. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 1.22 and a beta of 0.77. Sprouts Farmers Market has a 12 month low of $98.75 and a 12 month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.12. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the firm posted $0.94 EPS. Sprouts Farmers Market’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. On average, analysts expect that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Sprouts Farmers Market

In related news, SVP Kim Coffin sold 651 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total transaction of $92,168.58. Following the sale, the senior vice president directly owned 11,235 shares in the company, valued at $1,590,651.30. This represents a 5.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dustin Hamilton sold 868 shares of the stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $108.50, for a total value of $94,178.00. Following the completion of the transaction, the insider owned 15,481 shares in the company, valued at $1,679,688.50. The trade was a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,429 shares of company stock worth $5,351,362 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Unified Investment Management boosted its position in Sprouts Farmers Market by 0.9% in the 2nd quarter. Unified Investment Management now owns 7,326 shares of the company’s stock valued at $1,206,000 after buying an additional 65 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Sprouts Farmers Market by 0.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company’s stock valued at $1,691,000 after buying an additional 65 shares during the last quarter. Rossby Financial LCC boosted its position in Sprouts Farmers Market by 2.3% in the 2nd quarter. Rossby Financial LCC now owns 3,059 shares of the company’s stock valued at $504,000 after buying an additional 68 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in Sprouts Farmers Market by 0.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,069 shares of the company’s stock valued at $1,493,000 after buying an additional 69 shares during the last quarter. Finally, Alteri Wealth LLC lifted its stake in shares of Sprouts Farmers Market by 1.0% in the 2nd quarter. Alteri Wealth LLC now owns 7,627 shares of the company’s stock valued at $1,256,000 after purchasing an additional 72 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.