Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $195.00 at UBS Group

Sprouts Farmers Market (NASDAQ:SFM) had its target price raised by equities researchers at UBS Group from $132.00 to $195.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 12.29% from the company’s previous close.

Several other analysts also recently weighed in on SFM. Bank of America lifted their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. BMO Capital Markets raised their price objective on shares of 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 price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $134.50.

Sprouts Farmers Market Trading Up 1.3 %

NASDAQ SFM opened at $173.65 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The firm’s fifty day moving average price is $147.25 and its 200 day moving average price is $128.66. The company has a market capitalization of $17.36 billion, a price-to-earnings ratio of 50.17, a price-to-earnings-growth ratio of 2.28 and a beta of 0.63. Sprouts Farmers Market has a 12 month low of $52.24 and a 12 month high of $178.99.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 30,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the transaction, the chief executive officer now directly owns 163,862 shares of the company’s stock, valued at approximately $24,454,764.88. The trade was a 15.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph D. O’leary sold 350 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the sale, the director now directly owns 17,991 shares in the company, valued at $2,700,629.01. This represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,614 shares of company stock worth $6,323,731 over the last ninety days. 1.10% of the stock is owned by company insiders.

Institutional Trading of Sprouts Farmers Market

Institutional investors have recently added to or reduced their stakes in the stock. Wesbanco Bank Inc. raised its holdings in shares of Sprouts Farmers Market by 0.3% during 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 period. EverSource Wealth Advisors LLC grew its position in Sprouts Farmers Market by 4.1% in 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 in the last quarter. Greenleaf Trust grew its position in Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after buying an additional 80 shares in the last quarter. Foundations Investment Advisors LLC grew its position in Sprouts Farmers Market by 1.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after buying an additional 90 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its position in Sprouts Farmers Market by 0.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock valued at $3,896,000 after buying an additional 95 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.