Sprouts Farmers Market (NASDAQ:SFM) Given New $140.00 Price Target at Wells Fargo & Company

Sprouts Farmers Market (NASDAQ:SFM) had its price target hoisted by Wells Fargo & Company from $130.00 to $140.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research firms have also recently commented on SFM. Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America raised their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, 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 report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $119.40.

Sprouts Farmers Market Trading Up 0.7 %

NASDAQ:SFM opened at $156.25 on Thursday. The stock has a fifty day simple moving average of $142.41 and a 200 day simple moving average of $120.74. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 45.16, a price-to-earnings-growth ratio of 2.05 and a beta of 0.63. Sprouts Farmers Market has a 1-year low of $49.81 and a 1-year high of $158.84.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. Sell-side analysts forecast that Sprouts Farmers Market will post 3.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Joe Fortunato sold 11,500 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.84, for a total value of $1,527,660.00. Following the sale, the director now owns 33,571 shares of the company’s stock, valued at approximately $4,459,571.64. This represents a 25.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 17,991 shares in the company, valued at approximately $2,700,629.01. This trade 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 61,869 shares of company stock worth $8,778,152 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds have recently added to or reduced their stakes in the stock. Accent Capital Management LLC bought a new position in Sprouts Farmers Market in the third quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market in the 4th quarter valued at about $31,000. Avior Wealth Management LLC boosted its stake in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after purchasing an additional 130 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $38,000. Finally, Quarry LP raised its stake in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after buying an additional 442 shares during 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.