Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $167.79 Consensus Target Price from Brokerages

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) have been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $167.79.

SFM has been the topic of several research reports. Roth Capital set a $155.00 price objective on shares of Sprouts Farmers Market and gave the company a “neutral” rating in a report on Thursday, May 1st. BMO Capital Markets upped their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. UBS Group boosted their price objective on Sprouts Farmers Market from $195.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and upped their target price for the stock from $163.00 to $190.00 in a research report on Monday, March 17th.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CMO Alisa Gmelich sold 677 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $175.18, for a total transaction of $118,596.86. Following the completion of the sale, the chief marketing officer now directly owns 5,552 shares of the company’s stock, valued at approximately $972,599.36. This trade represents a 10.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $149.36, for a total value of $435,384.40. Following the sale, the chief executive officer now owns 189,315 shares in the company, valued at $28,276,088.40. This trade represents a 1.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,188 shares of company stock worth $13,578,866. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Whipplewood Advisors LLC boosted its holdings in shares of Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock worth $29,000 after buying an additional 92 shares during the last quarter. Dogwood Wealth Management LLC bought a new stake in Sprouts Farmers Market in the first quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sprouts Farmers Market in the fourth quarter valued at about $31,000. GeoWealth Management LLC grew its position 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 during the period. Finally, Truvestments Capital LLC purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter worth approximately $35,000.

Sprouts Farmers Market Stock Up 0.4%

Shares of NASDAQ:SFM opened at $161.86 on Monday. Sprouts Farmers Market has a 1 year low of $76.31 and a 1 year high of $182.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.95 and a quick ratio of 0.51. The business’s 50-day moving average is $164.79 and its 200-day moving average is $153.18. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.87 and a beta of 0.81.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. The company’s revenue was up 18.7% compared to the same quarter last year. Equities research analysts predict that Sprouts Farmers Market will post 4.29 earnings per share for the current year.

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.