JPMorgan Chase & Co. Boosts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $136.00

Sprouts Farmers Market (NASDAQ:SFM) had its target price boosted by equities researchers at JPMorgan Chase & Co. from $131.00 to $136.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 0.02% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. BMO Capital Markets boosted their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a report on Friday, February 21st. Bank of America upped their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Roth Mkm upped their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $152.62.

Sprouts Farmers Market Trading Up 2.5 %

Shares of Sprouts Farmers Market stock traded up $3.28 during midday trading on Tuesday, reaching $136.03. 359,168 shares of the company’s stock traded hands, compared to its average volume of 1,552,086. The stock has a 50 day moving average of $150.28 and a 200-day moving average of $133.42. Sprouts Farmers Market has a 12 month low of $60.46 and a 12 month high of $178.99. The company has a market cap of $13.41 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. As a group, equities analysts expect that Sprouts Farmers Market will post 4.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 2,935 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the transaction, the chief executive officer now directly owns 149,499 shares in the company, valued at $20,741,491.26. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joe Fortunato sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the sale, the director now owns 28,571 shares of the company’s stock, valued at approximately $4,137,080.80. This trade represents a 14.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,264 shares of company stock valued at $6,995,193. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors have recently made changes to their positions in the business. Unified Investment Management purchased a new stake in Sprouts Farmers Market during the fourth quarter valued at approximately $1,161,000. JPMorgan Chase & Co. grew its position in shares of Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after acquiring an additional 156,175 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth $13,348,000. First Hawaiian Bank bought a new position in Sprouts Farmers Market in the 4th quarter worth $1,517,000. Finally, Charles Schwab Investment Management Inc. lifted its position 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 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.