Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $115.40 Consensus PT from Analysts

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) have received a consensus rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $115.40.

A number of brokerages have recently weighed in on SFM. Bank of America lifted their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Roth Mkm boosted their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Royal Bank of Canada started coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price on the stock. Finally, StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Monday, November 4th.

Insiders Place Their Bets

In related news, Director Hari K. Avula sold 2,500 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $96.50, for a total value of $241,250.00. Following the transaction, the director now directly owns 10,554 shares of the company’s stock, valued at approximately $1,018,461. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Hari K. Avula sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $96.50, for a total transaction of $241,250.00. Following the completion of the sale, the director now directly owns 10,554 shares in the company, valued at $1,018,461. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joe Fortunato sold 11,500 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the transaction, the director now directly owns 33,571 shares in the company, valued at $4,459,571.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,148 shares of company stock valued at $6,143,836 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. State of Michigan Retirement System grew its position in Sprouts Farmers Market by 2.0% in the first quarter. State of Michigan Retirement System now owns 24,896 shares of the company’s stock worth $1,605,000 after buying an additional 500 shares during the last quarter. Norden Group LLC bought a new position in Sprouts Farmers Market in the 1st quarter worth $802,000. Commonwealth Equity Services LLC raised its holdings in Sprouts Farmers Market by 28.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 14,047 shares of the company’s stock worth $906,000 after acquiring an additional 3,095 shares during the period. Van ECK Associates Corp increased its holdings in shares of Sprouts Farmers Market by 21.3% during the 1st quarter. Van ECK Associates Corp now owns 43,135 shares of the company’s stock worth $2,781,000 after purchasing an additional 7,570 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Sprouts Farmers Market during the 1st quarter worth about $223,000.

Sprouts Farmers Market Stock Up 3.2 %

Shares of SFM opened at $145.15 on Friday. The stock’s 50-day moving average price is $113.85 and its 200-day moving average price is $94.15. Sprouts Farmers Market has a 52 week low of $39.98 and a 52 week high of $146.27. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 2.13 and a beta of 0.54. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last issued 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 company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. On average, sell-side analysts predict that Sprouts Farmers Market will post 3.68 EPS for the current year.

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.