Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $159.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target increased by The Goldman Sachs Group from $127.00 to $159.00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on SFM. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday. Bank of America raised their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Melius Research initiated coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Finally, BMO Capital Markets upped their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $115.40.

Sprouts Farmers Market Trading Up 1.4 %

Shares of SFM stock opened at $130.21 on Friday. Sprouts Farmers Market has a fifty-two week low of $39.98 and a fifty-two week high of $135.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.13. The stock has a 50 day simple moving average of $110.21 and a two-hundred day simple moving average of $91.55. The company has a market cap of $13.02 billion, a P/E ratio of 37.63, a PEG ratio of 2.73 and a beta of 0.54.

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, beating 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 company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the business posted $0.65 EPS. Sprouts Farmers Market’s revenue for the quarter was up 13.6% compared to the same quarter last year. Research analysts forecast that Sprouts Farmers Market will post 3.67 earnings per share for the current year.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the transaction, the insider now owns 25,251 shares of the company’s stock, valued at $2,868,513.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $101.09, for a total transaction of $577,628.26. Following the completion of the sale, the chief executive officer now owns 222,432 shares in the company, valued at $22,485,650.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dustin Hamilton sold 921 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $113.60, for a total value of $104,625.60. Following the completion of the sale, the insider now owns 25,251 shares in the company, valued at approximately $2,868,513.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,829 shares of company stock worth $5,206,068. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently bought and sold shares of SFM. Marshall Wace LLP boosted its position in shares of Sprouts Farmers Market by 167.4% in the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after acquiring an additional 973,666 shares during the period. Renaissance Technologies LLC boosted its holdings in Sprouts Farmers Market by 15.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after purchasing an additional 593,600 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Sprouts Farmers Market by 2,577.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock valued at $49,980,000 after purchasing an additional 435,767 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Sprouts Farmers Market by 9.8% in the first quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after purchasing an additional 297,067 shares during the period. Finally, Fiera Capital Corp purchased a new stake in shares of Sprouts Farmers Market in the third quarter worth $31,712,000.

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.