JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Sprouts Farmers Market (NASDAQ:SFM) Stock

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) had its target price hoisted by analysts at JPMorgan Chase & Co. from $131.00 to $136.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 0.02% from the company's current price.

Several other equities analysts also recently commented on the company. Bank of America upped their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Evercore ISI upped their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Roth Mkm lifted their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Friday, February 28th. Finally, Jefferies Financial Group increased their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $152.62.

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Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock traded up $3.28 during trading hours on Tuesday, hitting $136.03. 359,168 shares of the company's stock traded hands, compared to its average volume of 1,552,086. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market has a 12-month low of $60.46 and a 12-month high of $178.99. 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 company has a fifty day simple moving average of $150.28 and a 200-day simple moving average of $133.42.

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

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the sale, the director now owns 10,874 shares of the company's stock, valued at $1,619,029.86. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joe Fortunato sold 5,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the transaction, the director now directly owns 28,571 shares in the company, valued at approximately $4,137,080.80. This represents a 14.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,264 shares of company stock valued at $6,995,193 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Total Wealth Planning & Management Inc. bought a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $613,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Sprouts Farmers Market in the fourth quarter worth about $14,198,000. Brucke Financial Inc. bought a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at about $271,000. Jefferies Financial Group Inc. boosted its holdings in Sprouts Farmers Market by 16.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 26,238 shares of the company's stock valued at $3,334,000 after acquiring an additional 3,788 shares during the period. Finally, Virtue Capital Management LLC purchased a new position in Sprouts Farmers Market in the 4th quarter worth approximately $996,000.

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.

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