Brokerages Set Sprouts Farmers Market, Inc. (NASDAQ:SFM) Target Price at $49.57

Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Free Report) has earned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $49.57.

A number of equities analysts have commented on SFM shares. Evercore ISI lifted their price objective on shares of Sprouts Farmers Market from $48.00 to $50.00 and gave the stock an “in-line” rating in a report on Friday, February 23rd. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Sunday, December 3rd.

View Our Latest Research Report on SFM

Sprouts Farmers Market Stock Down 0.3 %

Shares of NASDAQ:SFM opened at $63.43 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 0.12. Sprouts Farmers Market has a 52-week low of $32.12 and a 52-week high of $65.53. The company has a 50 day moving average of $56.32 and a two-hundred day moving average of $48.32. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 2.32 and a beta of 0.49.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company earned $0.42 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, analysts forecast that Sprouts Farmers Market will post 2.95 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In related news, VP Stacy W. Hilgendorf sold 417 shares of Sprouts Farmers Market stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $62.47, for a total transaction of $26,049.99. Following the sale, the vice president now directly owns 10,331 shares in the company, valued at $645,377.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Jack Sinclair sold 31,710 shares of Sprouts Farmers Market stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the transaction, the chief executive officer now directly owns 274,981 shares of the company’s stock, valued at $17,332,052.43. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Stacy W. Hilgendorf sold 417 shares of Sprouts Farmers Market stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $62.47, for a total value of $26,049.99. Following the transaction, the vice president now directly owns 10,331 shares in the company, valued at $645,377.57. The disclosure for this sale can be found here. Insiders have sold a total of 129,006 shares of company stock worth $8,054,153 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SFM. VisionPoint Advisory Group LLC purchased a new position in Sprouts Farmers Market in the 3rd quarter worth about $25,000. West Tower Group LLC increased its stake in Sprouts Farmers Market by 314.5% in the 4th quarter. West Tower Group LLC now owns 630 shares of the company’s stock worth $30,000 after purchasing an additional 478 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Sprouts Farmers Market in the 4th quarter worth about $38,000. Ronald Blue Trust Inc. increased its stake in Sprouts Farmers Market by 80.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 831 shares of the company’s stock worth $36,000 after purchasing an additional 370 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in Sprouts Farmers Market in the 4th quarter worth about $43,000.

Sprouts Farmers Market Company Profile

(Get Free Report

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.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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