Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $185.00 at Bank of America

Sprouts Farmers Market (NASDAQ:SFM) had its price objective raised by Bank of America from $165.00 to $185.00 in a research note released on Tuesday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

SFM has been the topic of several other reports. BMO Capital Markets boosted their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Evercore ISI raised their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their price objective on Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $124.40.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $166.13 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm has a market cap of $16.61 billion, a P/E ratio of 48.01, a P/E/G ratio of 2.25 and a beta of 0.63. Sprouts Farmers Market has a 1-year low of $50.89 and a 1-year high of $170.50. The firm has a 50-day moving average of $144.76 and a 200-day moving average of $125.89.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,915 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now directly owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. This represents a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the sale, the director now directly owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,614 shares of company stock valued at $6,323,731 in the last quarter. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wesbanco Bank Inc. boosted its holdings in Sprouts Farmers Market by 0.3% in the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock worth $3,642,000 after purchasing an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Sprouts Farmers Market by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock valued at $251,000 after buying an additional 77 shares during the period. Greenleaf Trust boosted its stake in shares of Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after buying an additional 80 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock worth $845,000 after acquiring an additional 90 shares during the period. Finally, Ballentine Partners LLC increased its position in Sprouts Farmers Market by 2.6% during the fourth quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock valued at $489,000 after acquiring an additional 96 shares during 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.