Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $115.40 Consensus Target Price from Analysts

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has received an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $115.40.

SFM has been the subject of several recent analyst reports. Roth Mkm upped their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Melius Research initiated coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price for the company. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st.

Sprouts Farmers Market Price Performance

Shares of SFM stock opened at $145.15 on Friday. Sprouts Farmers Market has a 1 year low of $39.98 and a 1 year high of $146.27. The firm’s 50 day moving average is $113.85 and its 200-day moving average is $94.15. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 2.13 and a beta of 0.54. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business earned $0.65 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 13.6% on a year-over-year basis. Sell-side analysts forecast that Sprouts Farmers Market will post 3.68 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 500 shares of the stock in a transaction 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 completion of the sale, the insider now owns 27,188 shares of the company’s stock, valued at $2,651,373.76. This represents 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 available at this hyperlink. In related news, Director Hari K. Avula sold 2,500 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $96.50, for a total transaction of $241,250.00. Following the completion of the transaction, the director now owns 10,554 shares in the company, valued at approximately $1,018,461. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dustin Hamilton sold 500 shares of the stock in a transaction on Wednesday, August 21st. The stock was 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 of the company’s stock, valued at $2,651,373.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,148 shares of company stock valued at $6,143,836 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market during the third quarter worth $25,000. Crewe Advisors LLC lifted its stake in Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after acquiring an additional 219 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sprouts Farmers Market in the second quarter valued at $29,000. Finally, First Horizon Advisors Inc. lifted its stake in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after acquiring an additional 162 shares during 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.