Sprouts Farmers Market (NASDAQ:SFM) Given New $61.00 Price Target at Evercore ISI

Sprouts Farmers Market (NASDAQ:SFM) had its price target decreased by Evercore ISI from $62.00 to $61.00 in a report published on Tuesday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other analysts have also issued reports about the company. The Goldman Sachs Group lifted their price target 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. Bank of America raised Sprouts Farmers Market from an underperform rating to a buy rating and lifted their price target for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $51.14.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $62.29 on Tuesday. The stock’s 50-day simple moving average is $60.36 and its 200 day simple moving average is $50.84. The firm has a market capitalization of $6.30 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 2.28 and a beta of 0.50. 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 twelve month low of $32.12 and a twelve month high of $65.53.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. Sprouts Farmers Market’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. On average, analysts anticipate that Sprouts Farmers Market will post 2.95 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Stacy W. Hilgendorf sold 3,774 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $62.26, for a total value of $234,969.24. Following the transaction, the vice president now directly owns 10,748 shares of the company’s stock, valued at $669,170.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO Nicholas Konat sold 31,846 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $62.13, for a total value of $1,978,591.98. Following the transaction, the chief operating officer now directly owns 82,495 shares of the company’s stock, valued at $5,125,414.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Stacy W. Hilgendorf sold 3,774 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $62.26, for a total value of $234,969.24. Following the completion of the transaction, the vice president now directly owns 10,748 shares in the company, valued at $669,170.48. The disclosure for this sale can be found here. Insiders have sold a total of 160,852 shares of company stock valued at $10,032,745 over the last ninety days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in Sprouts Farmers Market by 11.7% in the fourth quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock worth $96,000 after purchasing an additional 208 shares in the last quarter. Xponance Inc. increased its holdings in Sprouts Farmers Market by 1.4% in the fourth quarter. Xponance Inc. now owns 14,976 shares of the company’s stock worth $720,000 after purchasing an additional 209 shares in the last quarter. Baldwin Brothers LLC MA increased its holdings in Sprouts Farmers Market by 20.0% in the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock worth $61,000 after purchasing an additional 210 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Sprouts Farmers Market by 3.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock worth $344,000 after purchasing an additional 216 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its holdings in Sprouts Farmers Market by 4.5% in the fourth quarter. CreativeOne Wealth LLC now owns 5,137 shares of the company’s stock worth $247,000 after purchasing an additional 220 shares in the last quarter.

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.