Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $139.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target boosted by Jefferies Financial Group from $119.00 to $139.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities analysts have also recently commented on SFM. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Wells Fargo & Company upped their price objective on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Evercore ISI lifted their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, February 21st. Nine equities 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, the company presently has an average rating of “Hold” and a consensus price target of $151.18.

Sprouts Farmers Market Stock Down 5.5 %

Sprouts Farmers Market stock opened at $142.87 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’s fifty day moving average price is $148.73 and its two-hundred day moving average price is $131.00. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 2.31 and a beta of 0.63. Sprouts Farmers Market has a 1-year low of $60.46 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, topping analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. On average, equities research analysts predict that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the sale, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the transaction, the chief executive officer now directly owns 149,499 shares of the company’s stock, valued at $20,741,491.26. The trade was a 1.93 % 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 valued at $6,323,731. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after acquiring an additional 156,175 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at $13,348,000. SpiderRock Advisors LLC purchased a new position in Sprouts Farmers Market in the 3rd quarter worth $3,252,000. Charles Schwab Investment Management Inc. raised its position in Sprouts Farmers Market by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after purchasing an additional 48,103 shares during the period. Finally, First Hawaiian Bank bought a new stake in Sprouts Farmers Market in the fourth quarter worth $1,517,000.

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.