Sprouts Farmers Market (NASDAQ:SFM) Given New $115.00 Price Target at Bank of America

Sprouts Farmers Market (NASDAQ:SFM) had its price objective hoisted by Bank of America from $100.00 to $115.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also weighed in on SFM. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a hold rating in a report on Monday, July 29th. Roth Mkm upped their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a neutral rating in a research report on Tuesday, July 30th. UBS Group raised their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a neutral rating in a research report on Friday, June 28th. Evercore ISI upped their price target on Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an in-line rating in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $89.00 to $111.00 and gave the company a buy rating in a report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $95.25.

Sprouts Farmers Market Trading Down 0.8 %

NASDAQ SFM opened at $98.83 on Thursday. The company has a fifty day moving average of $92.01 and a 200 day moving average of $77.57. The company has a market capitalization of $9.93 billion, a PE ratio of 34.08, a P/E/G ratio of 2.78 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. Sprouts Farmers Market has a 1 year low of $38.46 and a 1 year high of $104.41.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.16. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. Research analysts forecast that Sprouts Farmers Market will post 3.37 earnings per share for the current year.

Insider Activity

In other Sprouts Farmers Market news, insider John Scott Neal sold 6,535 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.29, for a total transaction of $668,465.15. Following the sale, the insider now owns 14,293 shares of the company’s stock, valued at approximately $1,462,030.97. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Dustin Hamilton sold 500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the transaction, the insider now directly owns 27,188 shares in the company, valued at $2,651,373.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Scott Neal sold 6,535 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.29, for a total value of $668,465.15. Following the completion of the sale, the insider now owns 14,293 shares in the company, valued at approximately $1,462,030.97. The disclosure for this sale can be found here. Insiders have sold a total of 126,942 shares of company stock worth $12,373,193 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Sprouts Farmers Market

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dorsey Wright & Associates purchased a new position in Sprouts Farmers Market during the fourth quarter worth about $1,378,000. Cetera Advisors LLC purchased a new position in shares of Sprouts Farmers Market during the first quarter worth $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Sprouts Farmers Market by 8.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock worth $39,748,000 after acquiring an additional 48,225 shares in the last quarter. Point72 Asset Management L.P. grew its position in Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after acquiring an additional 1,237,610 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Sprouts Farmers Market by 78.8% during the first quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock worth $1,684,000 after purchasing an additional 11,508 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.