Evercore ISI Increases Sprouts Farmers Market (NASDAQ:SFM) Price Target to $160.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target lifted by research analysts at Evercore ISI from $155.00 to $160.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s target price indicates a potential upside of 5.23% from the company’s current price.

A number of other analysts have also commented on SFM. The Goldman Sachs Group boosted their price objective 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. Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective for the company. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Melius Research assumed coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 target price for the company. Finally, Wells Fargo & Company raised their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $118.40.

Sprouts Farmers Market Trading Up 0.7 %

Shares of NASDAQ SFM traded up $1.13 during mid-day trading on Tuesday, hitting $152.05. The company’s stock had a trading volume of 150,994 shares, compared to its average volume of 1,333,428. The company’s fifty day simple moving average is $128.03 and its 200-day simple moving average is $102.77. 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 $44.02 and a one year high of $155.64. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 43.95, a price-to-earnings-growth ratio of 2.33 and a beta of 0.58.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm earned $0.65 EPS. Sprouts Farmers Market’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Sprouts Farmers Market will post 3.68 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In related news, insider Joseph L. Hurley sold 4,956 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the sale, the insider now owns 11,184 shares of the company’s stock, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $112.41, for a total value of $642,310.74. Following the completion of the transaction, the chief executive officer now directly owns 211,004 shares in the company, valued at approximately $23,718,959.64. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,802 shares of company stock worth $3,887,838 in the last quarter. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

Hedge funds have recently added to or reduced their stakes in the company. Cetera Advisors LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $349,000. Ritholtz Wealth Management lifted its stake in Sprouts Farmers Market by 59.8% in the second quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock valued at $1,405,000 after purchasing an additional 6,286 shares during the last quarter. SpiderRock Advisors LLC bought a new position in Sprouts Farmers Market during the third quarter valued at $3,252,000. Pinkerton Retirement Specialists LLC bought a new stake in shares of Sprouts Farmers Market in the second quarter valued at $623,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Sprouts Farmers Market by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after purchasing an additional 48,103 shares during 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.