Sprouts Farmers Market (SFM) PT Set at $25.00 by Stephens

Stephens set a $25.00 price target on Sprouts Farmers Market (NASDAQ:SFM) in a research report released on Wednesday, January 10th. The brokerage currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Susquehanna Bancshares set a $30.00 target price on shares of Sprouts Farmers Market and gave the stock a buy rating in a research report on Thursday, January 11th. Royal Bank of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the stock a buy rating in a research report on Monday, October 30th. Goldman Sachs Group reiterated a sell rating and set a $18.00 target price on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. UBS Group set a $25.00 target price on shares of Sprouts Farmers Market and gave the stock a buy rating in a research report on Monday, October 30th. Finally, Northcoast Research upgraded shares of Sprouts Farmers Market from a neutral rating to a buy rating in a research report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $25.56.

Shares of Sprouts Farmers Market (SFM) traded down $0.71 during trading on Wednesday, hitting $26.97. 2,293,011 shares of the company were exchanged, compared to its average volume of 1,937,855. The firm has a market cap of $3,683.39, a PE ratio of 27.80, a P/E/G ratio of 2.21 and a beta of 0.80. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $28.29.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. equities analysts predict that Sprouts Farmers Market will post 1 EPS for the current year.

In other news, CEO Amin N. Maredia sold 12,301 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $24.33, for a total transaction of $299,283.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO James Leroy Nielsen sold 110,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $23.17, for a total transaction of $2,548,700.00. Following the sale, the chief operating officer now owns 207,108 shares of the company’s stock, valued at approximately $4,798,692.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,634,260 shares of company stock valued at $42,246,330. 2.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in SFM. Advisory Services Network LLC boosted its stake in Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after acquiring an additional 4,864 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Sprouts Farmers Market by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after acquiring an additional 1,161 shares during the last quarter. Harvest Management LLC bought a new position in Sprouts Farmers Market during the 3rd quarter worth approximately $188,000. Seven Eight Capital LP bought a new position in Sprouts Farmers Market during the 2nd quarter worth approximately $193,000. Finally, Sadoff Investment Management LLC bought a new position in Sprouts Farmers Market during the 3rd quarter worth approximately $223,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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