Sprouts Farmers Market (NASDAQ:SFM) PT Raised to $115.00

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) had its target price hoisted by equities researchers at Bank of America from $100.00 to $115.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Bank of America's price objective indicates a potential upside of 15.38% from the company's previous close.

A number of other analysts have also weighed in on SFM. Wells Fargo & Company raised shares of Sprouts Farmers Market from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $62.00 to $90.00 in a research note on Tuesday, July 30th. Evercore ISI lifted their price objective on shares of Sprouts Farmers Market from $84.00 to $96.00 and gave the company an "in-line" rating in a report on Tuesday, July 30th. The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. UBS Group lifted their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a "neutral" rating in a report on Friday, June 28th. Finally, BMO Capital Markets upgraded Sprouts Farmers Market from an "underperform" rating to a "market perform" rating and upped their price objective for the stock from $40.00 to $102.00 in a research note on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market has an average rating of "Hold" and a consensus target price of $95.25.

Sprouts Farmers Market Trading Up 2.0 %

SFM stock traded up $2.00 during midday trading on Thursday, reaching $99.67. 864,838 shares of the company traded hands, compared to its average volume of 1,357,184. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 2.96 and a beta of 0.56. Sprouts Farmers Market has a 52-week low of $38.46 and a 52-week high of $104.41. The business has a 50 day moving average of $91.35 and a 200-day moving average of $76.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the company earned $0.71 EPS. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, sell-side analysts expect that Sprouts Farmers Market will post 3.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 27,188 shares of the company's stock, valued at $2,651,373.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,718 shares of the business's stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $77.07, for a total transaction of $440,686.26. Following the transaction, the chief executive officer now owns 256,716 shares of the company's stock, valued at $19,785,102.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dustin Hamilton sold 500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the transaction, the insider now owns 27,188 shares of the company's stock, valued at $2,651,373.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,228 shares of company stock valued at $11,795,565. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new position in Sprouts Farmers Market during the 1st quarter worth approximately $26,000. Crewe Advisors LLC raised 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 buying an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sprouts Farmers Market during the 2nd quarter worth about $29,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $36,000. Finally, Quarry LP raised its position in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company's stock worth $40,000 after acquiring an additional 442 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.