BMO Capital Markets Boosts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $180.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective boosted by BMO Capital Markets from $140.00 to $180.00 in a research note published on Friday morning,Benzinga reports. They currently have a market perform rating on the stock.

Other equities research analysts have also issued reports about the company. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. UBS Group boosted their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday. Bank of America upped their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and an average price target of $152.40.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $143.32 on Friday. The stock has a market capitalization of $14.33 billion, a P/E ratio of 41.42, a P/E/G ratio of 2.39 and a beta of 0.63. The company’s fifty day moving average price is $148.11 and its 200 day moving average price is $129.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market has a 1 year low of $52.57 and a 1 year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. As a group, equities research analysts anticipate that Sprouts Farmers Market will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

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

Institutional Investors Weigh In On Sprouts Farmers Market

Institutional investors have recently modified their holdings of the company. Wesbanco Bank Inc. boosted its holdings in Sprouts Farmers Market by 0.3% during the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after acquiring an additional 77 shares during the period. EverSource Wealth Advisors LLC increased its stake in Sprouts Farmers Market by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after purchasing an additional 77 shares during the period. Greenleaf Trust lifted its position in shares of Sprouts Farmers Market by 1.2% during the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after purchasing an additional 80 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake 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 valued at $845,000 after purchasing an additional 90 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock valued at $3,896,000 after purchasing an additional 95 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.