Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $118.40 Average Target Price from Analysts

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has received a consensus rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $118.40.

SFM has been the topic of several research reports. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target on the stock. Bank of America lifted their target price 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. BMO Capital Markets upped their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the transaction, the director now directly owns 10,874 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the 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 $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. In the last ninety days, insiders sold 65,569 shares of company stock worth $9,117,886. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Sprouts Farmers Market

A number of large investors have recently bought and sold shares of the business. Marshall Wace LLP lifted its stake in Sprouts Farmers Market by 167.4% in the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after buying an additional 973,666 shares in the last quarter. Renaissance Technologies LLC lifted its position in Sprouts Farmers Market by 15.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after acquiring an additional 593,600 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Sprouts Farmers Market by 2,577.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock worth $49,980,000 after purchasing an additional 435,767 shares during the period. Fiera Capital Corp acquired a new position in Sprouts Farmers Market in the 3rd quarter worth $31,712,000. Finally, Millennium Management LLC increased its holdings in Sprouts Farmers Market by 314.8% during the 2nd quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock worth $18,727,000 after purchasing an additional 169,888 shares in the last quarter.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $128.50 on Monday. The stock has a market capitalization of $12.85 billion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 2.23 and a beta of 0.58. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a 1 year low of $47.63 and a 1 year high of $155.64. The firm has a 50 day moving average of $138.75 and a 200-day moving average of $110.85.

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