Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $40.00

Sprouts Farmers Market (NASDAQ:SFM) had its target price upped by BMO Capital Markets from $31.00 to $40.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has an underperform rating on the stock.

Several other research analysts also recently issued reports on SFM. The Goldman Sachs Group lifted 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. Oppenheimer reiterated a market perform rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. Bank of America raised shares of Sprouts Farmers Market from an underperform rating to a buy rating and raised their price target for the company from $30.00 to $70.00 in a report on Tuesday, February 27th. Finally, Evercore ISI dropped their price target on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an in-line rating for the company in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $53.50.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $73.68 on Thursday. The firm 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 PE ratio of 25.41, a price-to-earnings-growth ratio of 2.64 and a beta of 0.50. Sprouts Farmers Market has a 1-year low of $32.12 and a 1-year high of $74.03. 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 (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.12. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.85 billion. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Sprouts Farmers Market will post 3.1 EPS for the current year.

Insiders Place Their Bets

In other news, VP Stacy W. Hilgendorf sold 417 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $62.47, for a total value of $26,049.99. Following the transaction, the vice president now owns 10,331 shares of the company’s stock, valued at approximately $645,377.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Stacy W. Hilgendorf sold 417 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $62.47, for a total transaction of $26,049.99. Following the completion of the transaction, the vice president now owns 10,331 shares in the company, valued at $645,377.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joe Fortunato sold 13,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.71, for a total value of $828,230.00. Following the sale, the director now directly owns 39,395 shares in the company, valued at approximately $2,509,855.45. The disclosure for this sale can be found here. Insiders have sold a total of 160,852 shares of company stock valued at $10,032,745 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

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

About Sprouts Farmers Market

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.