Evercore ISI Boosts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $77.00

Sprouts Farmers Market (NASDAQ:SFM) had its target price upped by analysts at Evercore ISI from $75.00 to $77.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s target price points to a potential downside of 8.27% from the stock’s previous close.

A number of other brokerages have also issued reports on SFM. Deutsche Bank Aktiengesellschaft boosted their price target on Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, May 9th. UBS Group boosted their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a report on Thursday, May 2nd. Finally, Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.25.

Sprouts Farmers Market Trading Up 0.4 %

Shares of NASDAQ:SFM traded up $0.37 during trading hours on Tuesday, hitting $83.94. 207,933 shares of the company’s stock traded hands, compared to its average volume of 1,332,036. Sprouts Farmers Market has a 1 year low of $36.16 and a 1 year high of $84.46. The business has a fifty day moving average price of $76.39 and a 200-day moving average price of $63.24. The firm has a market capitalization of $8.43 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts expect that Sprouts Farmers Market will post 3.12 earnings per share for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, COO Nicholas Konat sold 31,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $74.14, for a total value of $2,298,340.00. Following the sale, the chief operating officer now directly owns 51,495 shares of the company’s stock, valued at $3,817,839.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider David Mcglinchey sold 12,219 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $74.01, for a total value of $904,328.19. Following the transaction, the insider now directly owns 25,007 shares of the company’s stock, valued at approximately $1,850,768.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Nicholas Konat sold 31,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $74.14, for a total transaction of $2,298,340.00. Following the completion of the transaction, the chief operating officer now directly owns 51,495 shares in the company, valued at $3,817,839.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,433 shares of company stock valued at $4,522,865. 1.10% of the stock is owned by insiders.

Institutional Trading of Sprouts Farmers Market

Hedge funds have recently bought and sold shares of the business. VisionPoint Advisory Group LLC purchased a new position in Sprouts Farmers Market in the 3rd quarter valued at approximately $25,000. Rise Advisors LLC purchased a new position in Sprouts Farmers Market in the 1st quarter valued at approximately $26,000. Blue Bell Private Wealth Management LLC purchased a new position in Sprouts Farmers Market in the 1st quarter valued at approximately $36,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Sprouts Farmers Market in the 4th quarter valued at approximately $38,000. Finally, GAMMA Investing LLC purchased a new position in Sprouts Farmers Market in the 4th quarter valued at approximately $43,000.

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.