Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $80.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $78.00 to $80.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 8.89% from the company’s current price.

SFM has been the topic of a number of other research reports. Melius Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price objective on the stock. in a research note on Monday, April 6th. UBS Group reissued a “neutral” rating and set a $80.00 price target on shares of Sprouts Farmers Market in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Finally, Evercore reissued an “outperform” rating on shares of Sprouts Farmers Market in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $96.62.

Sprouts Farmers Market Price Performance

SFM traded down $1.22 on Wednesday, hitting $73.47. 110,524 shares of the company’s stock were exchanged, compared to its average volume of 2,498,538. Sprouts Farmers Market has a fifty-two week low of $64.75 and a fifty-two week high of $165.97. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 1.58 and a beta of 0.67. The firm has a 50-day moving average price of $83.19 and a 200-day moving average price of $78.04. The company has a current ratio of 0.92, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. Sprouts Farmers Market had a net margin of 5.70% and a return on equity of 36.06%. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the firm posted $1.81 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Sprouts Farmers Market has set its FY 2026 guidance at 5.320-5.480 EPS and its Q2 2026 guidance at 1.320-1.360 EPS. As a group, equities analysts anticipate that Sprouts Farmers Market will post 5.57 earnings per share for the current year.

Insider Activity

In related news, COO Nicholas Konat sold 12,538 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the completion of the transaction, the chief operating officer directly owned 66,119 shares in the company, valued at $5,811,860.10. This trade represents a 15.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 10,788 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $84.87, for a total transaction of $915,577.56. Following the sale, the chief executive officer owned 269,980 shares in the company, valued at $22,913,202.60. This trade represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 45,310 shares of company stock valued at $3,873,881. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

Hedge funds have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC increased its position in shares of Sprouts Farmers Market by 1,309.1% during the fourth quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock worth $25,000 after acquiring an additional 288 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Sprouts Farmers Market during the 1st quarter worth about $25,000. Sound Income Strategies LLC purchased a new stake in Sprouts Farmers Market during the 4th quarter worth about $27,000. Newbridge Financial Services Group Inc. acquired a new stake in Sprouts Farmers Market in the 2nd quarter valued at about $29,000. Finally, Clearstead Advisors LLC raised its position in Sprouts Farmers Market by 72.7% in the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after purchasing an additional 160 shares in the last quarter.

About Sprouts Farmers Market

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.