Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $51.14 Consensus Price Target from Analysts

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) have received a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $51.14.

SFM has been the subject of a number of research reports. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Evercore ISI dropped their price target on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research note on Tuesday.

Sprouts Farmers Market Trading Up 3.2 %

Shares of SFM stock opened at $65.15 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51. Sprouts Farmers Market has a 1 year low of $32.12 and a 1 year high of $65.53. The company has a market cap of $6.59 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 2.28 and a beta of 0.50. The stock’s 50 day simple moving average is $61.13 and its two-hundred day simple moving average is $51.17.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts predict that Sprouts Farmers Market will post 2.95 earnings per share for the current year.

Insider Activity

In related news, insider Timmi Zalatoris sold 5,353 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.62, for a total value of $329,851.86. Following the transaction, the insider now directly owns 10,895 shares in the company, valued at $671,349.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 5,353 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.62, for a total transaction of $329,851.86. Following the sale, the insider now directly owns 10,895 shares in the company, valued at $671,349.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Terri F. Graham sold 5,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $63.35, for a total value of $316,750.00. Following the sale, the director now directly owns 40,413 shares in the company, valued at approximately $2,560,163.55. The disclosure for this sale can be found here. Insiders sold 160,852 shares of company stock worth $10,032,745 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

Several institutional investors have recently modified their holdings of SFM. VisionPoint Advisory Group LLC purchased a new position in Sprouts Farmers Market in the third quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in Sprouts Farmers Market during the first quarter worth $26,000. West Tower Group LLC increased its holdings in shares of Sprouts Farmers Market by 314.5% in the 4th quarter. West Tower Group LLC now owns 630 shares of the company’s stock valued at $30,000 after purchasing an additional 478 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Sprouts Farmers Market in the first quarter valued at about $35,000. Finally, Ronald Blue Trust Inc. boosted its position in Sprouts Farmers Market by 80.3% during the third 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.

About Sprouts Farmers Market

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.