Brokerages Set Sprouts Farmers Market, Inc. (NASDAQ:SFM) Price Target at $129.38

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $129.3846.

Several research firms have commented on SFM. Bank of America decreased their target price on shares of Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Wall Street Zen cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Sunday, December 21st. Royal Bank Of Canada lowered their target price on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. UBS Group set a $108.00 price target on Sprouts Farmers Market in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 price objective on the stock. in a report on Thursday, January 8th.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $70.66 on Tuesday. The business has a fifty day simple moving average of $79.26 and a 200 day simple moving average of $108.80. The company has a current ratio of 1.05, a quick ratio of 0.53 and a debt-to-equity ratio of 0.04. Sprouts Farmers Market has a 1 year low of $69.29 and a 1 year high of $182.00. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.70 and a beta of 0.73.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.03% and a net margin of 5.93%.The business’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. As a group, sell-side analysts predict that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In related news, CMO Alisa Gmelich sold 3,161 shares of Sprouts Farmers Market stock in a transaction on Friday, December 12th. The shares were sold at an average price of $79.39, for a total value of $250,951.79. Following the transaction, the chief marketing officer owned 5,552 shares in the company, valued at $440,773.28. This trade represents a 36.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Scott Neal sold 17,471 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $85.20, for a total transaction of $1,488,529.20. Following the transaction, the insider directly owned 14,178 shares of the company’s stock, valued at approximately $1,207,965.60. This represents a 55.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Several large investors have recently made changes to their positions in SFM. Washington Capital Management Inc. acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at approximately $550,000. Matisse Capital boosted its position in shares of Sprouts Farmers Market by 39.6% in the fourth quarter. Matisse Capital now owns 22,542 shares of the company’s stock valued at $1,796,000 after acquiring an additional 6,400 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Sprouts Farmers Market by 6.0% in the fourth quarter. Sanctuary Advisors LLC now owns 3,026 shares of the company’s stock worth $241,000 after acquiring an additional 172 shares during the last quarter. Vanguard Group Inc. increased its position in Sprouts Farmers Market by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 9,913,415 shares of the company’s stock worth $789,802,000 after acquiring an additional 28,951 shares during the period. Finally, Resonant Capital Advisors LLC raised its stake in Sprouts Farmers Market by 11.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 7,956 shares of the company’s stock valued at $634,000 after purchasing an additional 800 shares during the last quarter.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.