Sprouts Farmers Market (NASDAQ:SFM) PT Raised to $130.00 at Evercore ISI

Sprouts Farmers Market (NASDAQ:SFM) had its price objective boosted by Evercore ISI from $125.00 to $130.00 in a research note published on Tuesday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms also recently issued reports on SFM. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Bank of America upped their target price on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Roth Mkm lifted their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective for the company. Finally, UBS Group lifted their target price on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $104.40.

Sprouts Farmers Market Stock Up 0.5 %

Sprouts Farmers Market stock opened at $119.32 on Tuesday. The stock has a market cap of $11.95 billion, a PE ratio of 37.40, a P/E/G ratio of 3.36 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The stock’s fifty day moving average is $107.64 and its two-hundred day moving average is $89.25. Sprouts Farmers Market has a 1-year low of $39.76 and a 1-year high of $120.69.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.16. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. On average, sell-side analysts expect that Sprouts Farmers Market will post 3.37 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the sale, the chief executive officer now owns 233,860 shares of the company’s stock, valued at $22,338,307.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the sale, the chief executive officer now directly owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,142 shares of company stock valued at $12,401,112. 1.10% of the stock is owned by company insiders.

Institutional Trading of Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Crewe Advisors LLC lifted its holdings in Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in Sprouts Farmers Market in the 2nd quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth $38,000. Quarry LP lifted its stake in shares of Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after buying an additional 442 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of Sprouts Farmers Market in the third quarter valued at approximately $60,000.

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.