Analysts Set Sprouts Farmers Market, Inc. (NASDAQ:SFM) Target Price at $38.88

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Free Report) have received an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $38.88.

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Sunday, December 3rd. Evercore ISI raised shares of Sprouts Farmers Market from an “underperform” rating to an “inline” rating and increased their price target for the stock from $40.00 to $45.00 in a report on Thursday, January 4th. The Goldman Sachs Group raised shares of Sprouts Farmers Market from a “sell” rating to a “buy” rating and increased their price target for the stock from $37.00 to $49.00 in a report on Tuesday, December 12th. Finally, UBS Group increased their price target on shares of Sprouts Farmers Market from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd.

View Our Latest Stock Analysis on SFM

Insider Activity

In other news, CFO Lawrence Molloy sold 102,742 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $40.71, for a total value of $4,182,626.82. Following the completion of the sale, the chief financial officer now directly owns 14,460 shares in the company, valued at $588,666.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider David Mcglinchey sold 109,881 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $46.17, for a total value of $5,073,205.77. Following the completion of the sale, the insider now owns 24,130 shares of the company’s stock, valued at $1,114,082.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lawrence Molloy sold 102,742 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $40.71, for a total transaction of $4,182,626.82. Following the completion of the sale, the chief financial officer now directly owns 14,460 shares of the company’s stock, valued at approximately $588,666.60. The disclosure for this sale can be found here. Insiders sold 282,578 shares of company stock worth $12,132,754 over the last three months. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Sprouts Farmers Market by 0.5% during the first quarter. Vanguard Group Inc. now owns 11,017,621 shares of the company’s stock worth $352,344,000 after buying an additional 57,361 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Sprouts Farmers Market by 2.2% in the first quarter. Renaissance Technologies LLC now owns 5,898,332 shares of the company’s stock valued at $188,629,000 after purchasing an additional 128,000 shares during the period. State Street Corp boosted its stake in shares of Sprouts Farmers Market by 3.0% in the first quarter. State Street Corp now owns 3,854,433 shares of the company’s stock valued at $135,021,000 after purchasing an additional 112,789 shares during the period. Morgan Stanley boosted its stake in shares of Sprouts Farmers Market by 111.3% in the fourth quarter. Morgan Stanley now owns 3,093,805 shares of the company’s stock valued at $100,146,000 after purchasing an additional 1,629,709 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Sprouts Farmers Market by 614.5% in the fourth quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock valued at $146,359,000 after purchasing an additional 2,614,241 shares during the period.

Sprouts Farmers Market Trading Down 0.9 %

SFM stock opened at $50.74 on Friday. The firm’s 50-day moving average is $48.66 and its 200 day moving average is $43.52. The company has a market capitalization of $5.16 billion, a PE ratio of 20.80, a P/E/G ratio of 2.10 and a beta of 0.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.15 and a quick ratio of 0.55. Sprouts Farmers Market has a 12 month low of $30.20 and a 12 month high of $52.02.

Sprouts Farmers Market Company Profile

(Get Free Report

Sprouts Farmers Market, Inc, together with its subsidiaries, retails fresh, natural, and organic food products in the United States. It provides perishable product categories, including fresh produce, meat, 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.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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