Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $136.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective upped by JPMorgan Chase & Co. from $131.00 to $136.00 in a report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

SFM has been the topic of a number of other reports. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, February 21st. UBS Group upped their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Evercore ISI upped their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Bank of America upped their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $154.15.

Sprouts Farmers Market Price Performance

SFM stock opened at $133.58 on Tuesday. The stock has a market cap of $13.17 billion, a PE ratio of 35.53, a P/E/G ratio of 2.31 and a beta of 0.67. 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 one year low of $60.46 and a one year high of $178.99. The firm has a 50 day simple moving average of $150.75 and a two-hundred day simple moving average of $133.96.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. On average, analysts predict that Sprouts Farmers Market will post 4.29 EPS for the current fiscal year.

Insider Activity

In other news, Director Joe Fortunato sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total transaction of $724,000.00. Following the sale, the director now owns 28,571 shares of the company’s stock, valued at $4,137,080.80. This trade represents a 14.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 2,935 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total transaction of $407,201.90. Following the completion of the transaction, the chief executive officer now owns 149,499 shares in the company, valued at $20,741,491.26. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,564 shares of company stock valued at $2,413,770 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors have recently made changes to their positions in the business. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market in the 4th quarter worth approximately $31,000. GeoWealth Management LLC raised its stake in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after acquiring an additional 142 shares during the period. Avior Wealth Management LLC raised its stake in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after acquiring an additional 130 shares during the period. Finally, Global Retirement Partners LLC raised its stake in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 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.