Evercore ISI Has Lowered Expectations for Sprouts Farmers Market (NASDAQ:SFM) Stock Price

Sprouts Farmers Market (NASDAQ:SFM - Free Report) had its target price cut by Evercore ISI from $185.00 to $180.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

SFM has been the topic of a number of other research reports. Jefferies Financial Group upped their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Roth Mkm upped their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday. UBS Group upped their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets increased their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $154.15.

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Sprouts Farmers Market Trading Up 1.8 %

NASDAQ SFM traded up $2.49 on Tuesday, hitting $137.40. 1,555,784 shares of the company were exchanged, compared to its average volume of 1,586,269. The company's 50 day moving average price is $150.54 and its 200-day moving average price is $133.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The firm has a market capitalization of $13.55 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market has a twelve month low of $60.46 and a twelve month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Analysts predict that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jack Sinclair sold 2,935 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the completion of the transaction, the chief executive officer now directly owns 149,499 shares of the company's stock, valued at $20,741,491.26. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joe Fortunato sold 5,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total value of $724,000.00. Following the completion of the transaction, the director now directly owns 28,571 shares of the company's stock, valued at approximately $4,137,080.80. This trade represents a 14.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,564 shares of company stock valued at $6,890,970 over the last ninety days. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SFM. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market during the third quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprouts Farmers Market during the fourth quarter worth $31,000. Avior Wealth Management LLC raised its stake in Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after acquiring an additional 130 shares in the last quarter. GeoWealth Management LLC raised its stake in Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after acquiring an additional 142 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after acquiring an additional 132 shares in 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.