Sprouts Farmers Market (NASDAQ:SFM) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Sprouts Farmers Market (NASDAQ:SFM) had its price objective lifted by equities researchers at BMO Capital Markets from $140.00 to $180.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 29.53% from the stock’s current price.

A number of other brokerages also recently issued reports on SFM. UBS Group raised their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday. Evercore ISI raised their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday. Roth Mkm raised their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday. Finally, Bank of America raised their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus price target of $152.40.

Sprouts Farmers Market Trading Down 18.2 %

NASDAQ SFM traded down $30.83 during trading on Friday, hitting $138.97. The company had a trading volume of 3,390,675 shares, compared to its average volume of 1,396,565. 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 one year low of $52.57 and a one year high of $178.99. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 40.16, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The company’s fifty day moving average is $148.20 and its 200-day moving average is $129.27.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. On average, sell-side analysts predict that Sprouts Farmers Market will post 3.7 earnings per share for the current year.

Insider Activity

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the transaction, the director now owns 10,874 shares in the company, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jack Sinclair sold 30,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the completion of the transaction, the chief executive officer now owns 163,862 shares of the company’s stock, valued at approximately $24,454,764.88. This trade represents a 15.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,614 shares of company stock worth $6,323,731 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Accent Capital Management LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sprouts Farmers Market during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC boosted its position in shares of 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 purchasing an additional 130 shares during the period. GeoWealth Management LLC boosted its position in shares of 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 purchasing an additional 142 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of 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 purchasing 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.