Sprouts Farmers Market (NASDAQ:SFM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) had its price objective raised by investment analysts at Wells Fargo & Company from $90.00 to $130.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target would indicate a potential upside of 1.22% from the company's previous close.

Several other analysts have also recently commented on SFM. Bank of America raised their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a "sector perform" rating and a $107.00 price target for the company. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $112.20.

Sprouts Farmers Market Stock Up 8.1 %

SFM traded up $9.59 on Thursday, hitting $128.43. 4,111,462 shares of the company were exchanged, compared to its average volume of 1,326,270. The firm has a 50-day moving average price of $108.91 and a two-hundred day moving average price of $90.61. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a twelve month low of $39.76 and a twelve month high of $135.10. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 2.75 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm's quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts predict that Sprouts Farmers Market will post 3.39 earnings per share for the current 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 on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares in the company, valued at $2,651,373.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction, the insider now owns 27,188 shares of the company's stock, valued at $2,651,373.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Scott Neal sold 6,535 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.29, for a total transaction of $668,465.15. Following the sale, the insider now owns 14,293 shares of the company's stock, valued at approximately $1,462,030.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,438 shares of company stock worth $6,528,580 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SFM. Hanseatic Management Services Inc. grew its stake in shares of Sprouts Farmers Market by 23.3% in the third quarter. Hanseatic Management Services Inc. now owns 931 shares of the company's stock worth $103,000 after purchasing an additional 176 shares in the last quarter. Hanlon Investment Management Inc. bought a new position in Sprouts Farmers Market during the 3rd quarter valued at $876,000. Asset Management One Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at $1,327,000. Van ECK Associates Corp lifted its holdings in shares of Sprouts Farmers Market by 26.8% in the third quarter. Van ECK Associates Corp now owns 59,368 shares of the company's stock valued at $7,056,000 after buying an additional 12,544 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Sprouts Farmers Market by 98.9% during the third quarter. Harbor Capital Advisors Inc. now owns 217,313 shares of the company's stock worth $23,994,000 after acquiring an additional 108,059 shares during the period.

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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