Sprouts Farmers Market (NASDAQ:SFM) PT Raised to $111.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target lifted by The Goldman Sachs Group from $89.00 to $111.00 in a research note published on Wednesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on SFM. Deutsche Bank Aktiengesellschaft increased their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a hold rating in a research report on Monday, July 29th. Roth Mkm increased their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a neutral rating in a research note on Tuesday, July 30th. Oppenheimer reissued a market perform rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. Wells Fargo & Company raised Sprouts Farmers Market from an underweight rating to an equal weight rating and increased their target price for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Finally, Evercore ISI increased their target price on Sprouts Farmers Market from $84.00 to $96.00 and gave the company an in-line rating in a research note on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of Hold and a consensus price target of $93.38.

Sprouts Farmers Market Trading Down 3.1 %

Shares of SFM stock opened at $97.67 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.65 and a current ratio of 1.03. Sprouts Farmers Market has a 52-week low of $37.10 and a 52-week high of $103.80. The company has a market capitalization of $9.78 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 2.86 and a beta of 0.55. The business’s fifty day moving average is $82.13 and its 200 day moving average is $69.18.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.84 billion. During the same quarter last year, the business posted $0.71 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Sprouts Farmers Market will post 3.38 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jack Sinclair sold 5,718 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $77.07, for a total transaction of $440,686.26. Following the transaction, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at $19,785,102.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jack Sinclair sold 5,718 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $77.07, for a total value of $440,686.26. Following the sale, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at $19,785,102.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timmi Zalatoris sold 56,800 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 10,895 shares in the company, valued at $1,089,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,746 shares of company stock valued at $11,648,541. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Sprouts Farmers Market

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its position in shares of Sprouts Farmers Market by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 324,805 shares of the company’s stock worth $27,173,000 after purchasing an additional 1,862 shares during the period. Versor Investments LP raised its stake in Sprouts Farmers Market by 45.8% in the second quarter. Versor Investments LP now owns 16,197 shares of the company’s stock worth $1,355,000 after buying an additional 5,091 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Sprouts Farmers Market in the second quarter worth about $236,000. Verus Capital Partners LLC lifted its holdings in Sprouts Farmers Market by 18.4% in the second quarter. Verus Capital Partners LLC now owns 18,714 shares of the company’s stock worth $1,566,000 after buying an additional 2,904 shares during the period. Finally, Resonant Capital Advisors LLC boosted its position in Sprouts Farmers Market by 5.3% during the 2nd quarter. Resonant Capital Advisors LLC now owns 8,875 shares of the company’s stock valued at $742,000 after acquiring an additional 446 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.