Analysts Set Sprouts Farmers Market, Inc. (NASDAQ:SFM) Price Target at $115.40

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) has been assigned an average rating of "Hold" from the eleven research firms that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $115.40.

SFM has been the subject of a number of research reports. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Thursday. BMO Capital Markets raised their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a report on Thursday, October 31st. Bank of America raised their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a "buy" rating in a report on Friday, October 25th. Melius Research began coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They set a "hold" rating and a $105.00 target price on the stock. Finally, Royal Bank of Canada began coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They set a "sector perform" rating and a $107.00 target price on the stock.

Sprouts Farmers Market Stock Down 0.9 %

SFM traded down $1.34 during trading on Thursday, reaching $151.97. 1,676,385 shares of the stock traded hands, compared to its average volume of 1,340,478. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 43.92, a price-to-earnings-growth ratio of 2.24 and a beta of 0.54. Sprouts Farmers Market has a fifty-two week low of $41.27 and a fifty-two week high of $154.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The stock's 50-day simple moving average is $125.28 and its two-hundred day simple moving average is $101.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.14. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm 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.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 5,714 shares of the business's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.60, for a total transaction of $757,676.40. Following the transaction, the chief executive officer now directly owns 199,576 shares in the company, valued at $26,463,777.60. The trade was a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dustin Hamilton sold 1,997 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $99.20, for a total value of $198,102.40. Following the transaction, the insider now owns 26,172 shares in the company, valued at $2,596,262.40. This represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,516 shares of company stock worth $4,465,466. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Accent Capital Management LLC bought a new position in Sprouts Farmers Market during the third quarter valued at about $25,000. Crewe Advisors LLC increased its stake in Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company's stock valued at $27,000 after acquiring an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sprouts Farmers Market during the second quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Sprouts Farmers Market during the third quarter valued at approximately $38,000. Finally, Quarry LP boosted its holdings in Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company's stock valued at $40,000 after purchasing an additional 442 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.