Bank of America Forecasts Strong Price Appreciation for Sprouts Farmers Market (NASDAQ:SFM) Stock

Sprouts Farmers Market (NASDAQ:SFM) had its price objective lifted by equities researchers at Bank of America from $165.00 to $185.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target points to a potential upside of 11.53% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their price target on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. 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 report on Friday, November 1st. Evercore ISI boosted their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. BMO Capital Markets upped their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $124.40.

Sprouts Farmers Market Trading Down 1.8 %

Shares of NASDAQ SFM traded down $3.03 during midday trading on Tuesday, reaching $165.87. The company had a trading volume of 65,721 shares, compared to its average volume of 1,212,730. 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’s fifty day moving average price is $144.46 and its 200-day moving average price is $125.33. The stock has a market cap of $16.59 billion, a PE ratio of 47.94, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. Sprouts Farmers Market has a one year low of $50.89 and a one year high of $170.50.

Insider Activity

In related news, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction 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 in the company, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the sale, the director now owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. The trade was a 1.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,614 shares of company stock valued at $6,323,731 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. CWM LLC raised its position in Sprouts Farmers Market by 17.0% during the third quarter. CWM LLC now owns 2,493 shares of the company’s stock valued at $275,000 after purchasing an additional 362 shares during the period. Koshinski Asset Management Inc. bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at about $857,000. Creative Planning boosted its holdings in shares of Sprouts Farmers Market by 26.8% in the third quarter. Creative Planning now owns 37,979 shares of the company’s stock valued at $4,193,000 after purchasing an additional 8,017 shares during the period. Bleakley Financial Group LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at $347,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Sprouts Farmers Market during the third quarter valued at $38,000.

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.