UBS Group Issues Positive Forecast for Sprouts Farmers Market (NASDAQ:SFM) Stock Price

Sprouts Farmers Market (NASDAQ:SFM) had its price objective hoisted by UBS Group from $132.00 to $195.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently issued reports on SFM. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Bank of America increased their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Evercore ISI boosted their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company boosted their target price on Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $134.50.

Sprouts Farmers Market Price Performance

SFM opened at $175.97 on Wednesday. The firm has a market cap of $17.60 billion, a PE ratio of 50.86, a P/E/G ratio of 2.28 and a beta of 0.63. The stock has a 50-day moving average price of $147.79 and a 200-day moving average price of $128.99. Sprouts Farmers Market has a 1 year low of $52.24 and a 1 year high of $178.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Insider Transactions at Sprouts Farmers Market

In other news, Director Joseph D. O’leary sold 350 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the sale, the director now directly owns 17,991 shares in the company, valued at $2,700,629.01. This trade represents a 1.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jack Sinclair sold 30,000 shares of the company’s stock in a transaction on 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 directly owns 163,862 shares of the company’s stock, valued at $24,454,764.88. This represents a 15.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,614 shares of company stock worth $6,323,731 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Sprouts Farmers Market by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock worth $1,347,554,000 after purchasing an additional 56,652 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Sprouts Farmers Market by 0.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company’s stock worth $567,322,000 after buying an additional 24,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Sprouts Farmers Market by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after acquiring an additional 56,161 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Sprouts Farmers Market by 10.1% during the 4th quarter. Marshall Wace LLP now owns 1,843,320 shares of the company’s stock valued at $234,231,000 after purchasing an additional 168,605 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Sprouts Farmers Market by 22.9% during the 4th quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock valued at $201,139,000 after buying an additional 294,553 shares in 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.