Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $80.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective hoisted by JPMorgan Chase & Co. from $78.00 to $80.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

SFM has been the subject of several other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a report on Monday, June 1st. UBS Group increased their price target on shares of Sprouts Farmers Market from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday. Melius Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price objective for the company. in a research report on Monday, April 6th. Evercore restated an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $96.62.

Sprouts Farmers Market Trading Up 1.9%

Shares of Sprouts Farmers Market stock opened at $74.89 on Wednesday. The business has a fifty day simple moving average of $82.42 and a two-hundred day simple moving average of $77.93. Sprouts Farmers Market has a 1 year low of $64.75 and a 1 year high of $165.97. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 1.94 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.92 and a quick ratio of 0.42.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, April 29th. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Sprouts Farmers Market had a net margin of 5.70% and a return on equity of 36.06%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.81 earnings per share. Sprouts Farmers Market has set its FY 2026 guidance at 5.320-5.480 EPS and its Q2 2026 guidance at 1.320-1.360 EPS. Research analysts forecast that Sprouts Farmers Market will post 5.55 EPS for the current year.

Insider Buying and Selling

In other Sprouts Farmers Market news, COO Nicholas Konat sold 12,538 shares of Sprouts Farmers Market stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $87.90, for a total value of $1,102,090.20. Following the completion of the sale, the chief operating officer owned 66,119 shares in the company, valued at $5,811,860.10. The trade was a 15.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brandon F. Lombardi sold 406 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $82.04, for a total transaction of $33,308.24. Following the completion of the sale, the insider directly owned 6,801 shares of the company’s stock, valued at $557,954.04. This represents a 5.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 45,310 shares of company stock valued at $3,873,881. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Sprouts Farmers Market by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 9,913,415 shares of the company’s stock valued at $789,802,000 after acquiring an additional 28,951 shares in the last quarter. State Street Corp grew its holdings in shares of Sprouts Farmers Market by 2.4% during the 4th quarter. State Street Corp now owns 3,115,029 shares of the company’s stock worth $248,174,000 after purchasing an additional 71,905 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Sprouts Farmers Market by 137.0% during the 2nd quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock worth $425,582,000 after purchasing an additional 1,494,014 shares in the last quarter. Morgan Stanley increased its position in shares of Sprouts Farmers Market by 51.0% in the fourth quarter. Morgan Stanley now owns 2,098,249 shares of the company’s stock worth $167,168,000 after purchasing an additional 708,529 shares during the period. Finally, Norges Bank bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth $161,398,000.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.