Sprouts Farmers Market (NASDAQ:SFM) Upgraded by Deutsche Bank Aktiengesellschaft to "Buy" Rating

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm presently has a $190.00 price objective on the stock, up from their previous price objective of $163.00. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 33.44% from the stock's previous close.

Other research analysts also recently issued reports about the company. StockNews.com upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Roth Mkm increased their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a research note on Friday, February 28th. UBS Group raised their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Finally, BMO Capital Markets boosted their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a research report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of "Hold" and an average price target of $162.92.

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Sprouts Farmers Market Stock Performance

Shares of SFM stock traded up $2.62 during trading hours on Monday, reaching $142.39. 2,133,233 shares of the company's stock were exchanged, compared to its average volume of 1,314,823. Sprouts Farmers Market has a 1 year low of $61.61 and a 1 year high of $178.99. 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 company's 50 day moving average is $150.79 and its two-hundred day moving average is $135.24. The company has a market cap of $14.04 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Equities research analysts anticipate that Sprouts Farmers Market will post 4.29 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In related news, CMO Alisa Gmelich sold 445 shares of Sprouts Farmers Market stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $61,151.90. Following the sale, the chief marketing officer now owns 4,436 shares of the company's stock, valued at $609,595.12. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 2,915 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the transaction, the chief executive officer now owns 143,669 shares in the company, valued at $24,070,304.26. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,145 shares of company stock worth $11,427,787. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market in the 4th quarter valued at approximately $31,000. GeoWealth Management LLC raised its holdings in Sprouts Farmers Market by 115.4% in the fourth 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. Avior Wealth Management LLC grew its holdings in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after acquiring an additional 130 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after purchasing an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock valued at $40,000 after purchasing an additional 162 shares in the last quarter.

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.