Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $140.00 at BMO Capital Markets

Sprouts Farmers Market (NASDAQ:SFM) had its target price increased by stock analysts at BMO Capital Markets from $102.00 to $140.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 7.96% from the company’s current price.

A number of other research firms also recently issued reports on SFM. Evercore ISI lifted their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target on the stock. The Goldman Sachs Group increased their price objective on shares of Sprouts Farmers Market from $111.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target for the company. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus price target of $108.20.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $129.68 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. Sprouts Farmers Market has a 52 week low of $39.76 and a 52 week high of $133.32. The company’s 50 day moving average price is $108.49 and its two-hundred day moving average price is $90.41. The company has a market capitalization of $12.98 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 2.75 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, analysts expect that Sprouts Farmers Market will post 3.39 earnings per share for the current fiscal year.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the completion of the sale, the chief executive officer now directly owns 233,860 shares in the company, valued at $22,338,307.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.52, for a total value of $545,801.28. Following the transaction, the chief executive officer now owns 233,860 shares in the company, valued at approximately $22,338,307.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,438 shares of company stock valued at $6,528,580 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Hedge funds have recently bought and sold shares of the company. State of Michigan Retirement System raised its holdings in shares of Sprouts Farmers Market by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 24,896 shares of the company’s stock worth $1,605,000 after buying an additional 500 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at approximately $802,000. Ashton Thomas Private Wealth LLC grew its holdings in shares of Sprouts Farmers Market by 1.0% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 34,993 shares of the company’s stock valued at $2,256,000 after purchasing an additional 352 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Sprouts Farmers Market by 28.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 14,047 shares of the company’s stock worth $906,000 after purchasing an additional 3,095 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Sprouts Farmers Market by 21.3% in the 1st quarter. Van ECK Associates Corp now owns 43,135 shares of the company’s stock valued at $2,781,000 after purchasing an additional 7,570 shares during 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.