Sprouts Farmers Market (NASDAQ:SFM) Given New $96.00 Price Target at Evercore ISI

Sprouts Farmers Market (NASDAQ:SFM) had its price target hoisted by Evercore ISI from $84.00 to $96.00 in a research report released on Tuesday, MarketBeat reports. They currently have an in-line rating on the stock.

Other research analysts have also issued reports about the stock. Roth Mkm raised their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a neutral rating in a research note on Tuesday. BMO Capital Markets raised shares of Sprouts Farmers Market from an underperform rating to a market perform rating and raised their target price for the stock from $40.00 to $102.00 in a research note on Tuesday. Wells Fargo & Company raised shares of Sprouts Farmers Market from an underweight rating to an equal weight rating and raised their target price for the stock from $62.00 to $90.00 in a research note on Tuesday. Oppenheimer reissued a market perform rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. Finally, The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $78.00 to $89.00 and gave the stock a buy rating in a research note on Wednesday, July 10th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market has an average rating of Hold and a consensus price target of $93.38.

Sprouts Farmers Market Trading Down 3.1 %

SFM stock opened at $97.67 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a 12-month low of $37.10 and a 12-month high of $103.80. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 2.84 and a beta of 0.55. The business’s 50-day moving average is $81.83 and its 200 day moving average is $68.85.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm posted $0.71 EPS. Sprouts Farmers Market’s revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Sprouts Farmers Market will post 3.38 EPS for the current fiscal year.

Insider Activity

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the sale, the insider now owns 10,895 shares of the company’s stock, valued at $1,089,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the sale, the insider now owns 10,895 shares of the company’s stock, valued at $1,089,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Nicholas Konat sold 31,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 51,495 shares in the company, valued at approximately $3,817,839.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,746 shares of company stock valued at $11,648,541. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Sprouts Farmers Market

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PFG Investments LLC grew its stake in shares of Sprouts Farmers Market by 4.2% in the first quarter. PFG Investments LLC now owns 4,504 shares of the company’s stock worth $290,000 after acquiring an additional 181 shares in the last quarter. Ironwood Investment Counsel LLC grew its stake in shares of Sprouts Farmers Market by 3.8% in the first quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock worth $340,000 after acquiring an additional 195 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Sprouts Farmers Market by 11.7% in the fourth quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock worth $96,000 after acquiring an additional 208 shares in the last quarter. Xponance Inc. grew its stake in shares of Sprouts Farmers Market by 1.4% in the fourth quarter. Xponance Inc. now owns 14,976 shares of the company’s stock worth $720,000 after acquiring an additional 209 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Sprouts Farmers Market by 3.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock worth $344,000 after acquiring an additional 216 shares in the last quarter.

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.