Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $159.00 at The Goldman Sachs Group

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) had its price objective upped by stock analysts at The Goldman Sachs Group from $127.00 to $159.00 in a research report issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's target price points to a potential upside of 22.11% from the stock's previous close.

Several other analysts have also recently commented on the company. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a research report on Thursday. Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a "hold" rating in a research note on Monday, July 29th. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They set a "sector perform" rating and a $107.00 price objective for the company. Finally, Evercore ISI increased their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $115.40.

Sprouts Farmers Market Price Performance

SFM traded up $1.78 during midday trading on Friday, hitting $130.21. 2,281,145 shares of the company traded hands, compared to its average volume of 1,331,741. The business has a 50 day simple moving average of $109.56 and a two-hundred day simple moving average of $90.87. Sprouts Farmers Market has a 52-week low of $39.98 and a 52-week high of $135.10. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 2.73 and a beta of 0.56. 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 (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 29.02%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company posted $0.65 EPS. Sprouts Farmers Market's quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities analysts forecast that Sprouts Farmers Market will post 3.4 earnings per share for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction 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 sale, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kristen E. Blum sold 2,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now owns 51,627 shares of the company's stock, valued at approximately $5,162,700. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction that occurred 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 57,543 shares of company stock worth $5,751,870 in the last 90 days. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SFM. Crewe Advisors LLC increased its stake in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company's stock worth $27,000 after buying an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter worth $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market in the third quarter valued at $38,000. Quarry LP boosted its holdings in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company's stock valued at $40,000 after purchasing an additional 442 shares during the period. Finally, Waldron Private Wealth LLC acquired a new position in Sprouts Farmers Market during the 3rd quarter worth $60,000.

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.