Brokerages Set Sprouts Farmers Market, Inc. (NASDAQ:SFM) Target Price at $118.40

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) has received a consensus rating of "Hold" from the eleven analysts that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $118.40.

Several analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Evercore ISI lifted their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Melius Research began coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a "hold" rating and a $105.00 price objective for the company. Finally, The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a report on Friday, November 1st.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Joseph L. Hurley sold 4,956 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the transaction, the insider now directly owns 11,184 shares of the company's stock, valued at $1,483,669.44. This represents a 30.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph D. O'leary sold 350 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the sale, the director now directly owns 17,991 shares of the company's stock, valued at $2,700,629.01. This trade represents a 1.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,869 shares of company stock worth $8,778,152. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock worth $149,020,000 after acquiring an additional 156,175 shares during the period. World Investment Advisors LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter worth approximately $13,348,000. SpiderRock Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $3,252,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Sprouts Farmers Market by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company's stock valued at $108,561,000 after purchasing an additional 48,103 shares in the last quarter. Finally, First Hawaiian Bank acquired a new position in shares of Sprouts Farmers Market in the 4th quarter valued at $1,517,000.

Sprouts Farmers Market Trading Down 0.9 %

Shares of NASDAQ SFM traded down $1.28 during midday trading on Friday, hitting $139.25. The company's stock had a trading volume of 1,343,105 shares, compared to its average volume of 1,303,700. The business's 50 day moving average is $141.65 and its two-hundred day moving average is $116.19. Sprouts Farmers Market has a 12-month low of $48.98 and a 12-month high of $155.64. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm has a market cap of $13.92 billion, a P/E ratio of 40.25, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. As a group, equities research analysts expect that Sprouts Farmers Market will post 3.68 EPS for the current year.

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.