Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $119.40 Consensus Target Price from Analysts

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) have received a consensus recommendation of "Hold" from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $124.40.

Several equities analysts have recently issued reports on SFM shares. BMO Capital Markets upped their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. 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 report on Tuesday. Wells Fargo & Company increased their price target on Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Evercore ISI increased their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Finally, StockNews.com upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th.

Sprouts Farmers Market Trading Up 0.4 %

Shares of SFM traded up $0.75 during trading hours on Tuesday, hitting $177.12. 1,225,716 shares of the stock traded hands, compared to its average volume of 1,274,228. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a 1-year low of $52.04 and a 1-year high of $178.46. The firm has a market capitalization of $17.71 billion, a PE ratio of 51.19, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. The business has a fifty day moving average of $146.10 and a 200-day moving average of $127.19.

Insider Activity at Sprouts Farmers Market

In other news, Director Joseph D. O'leary sold 350 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 2,935 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the transaction, the chief executive officer now owns 149,499 shares in the company, valued at approximately $20,741,491.26. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,614 shares of company stock valued at $6,323,731. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds have recently added to or reduced their stakes in the stock. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at $31,000. Avior Wealth Management LLC boosted its holdings in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after acquiring an additional 130 shares in the last quarter. GeoWealth Management LLC boosted its holdings in shares of Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after acquiring an additional 142 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after acquiring an additional 132 shares in the last quarter.

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.