JPMorgan Chase & Co. Boosts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $80.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target increased by JPMorgan Chase & Co. from $78.00 to $80.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 8.86% from the stock’s previous close.

A number of other brokerages have also recently issued reports on SFM. Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. UBS Group boosted their price objective on shares of Sprouts Farmers Market from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday. Melius Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price objective for the company. in a report on Monday, April 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $114.00 target price on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $96.62.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $73.49 on Wednesday. Sprouts Farmers Market has a fifty-two week low of $64.75 and a fifty-two week high of $165.97. The business has a 50-day moving average of $82.63 and a two-hundred day moving average of $77.95. The stock has a market capitalization of $6.91 billion, a P/E ratio of 14.13, a P/E/G ratio of 1.95 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.92 and a quick ratio of 0.42.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Sprouts Farmers Market had a return on equity of 36.06% and a net margin of 5.70%.The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the firm posted $1.81 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Sprouts Farmers Market has set its FY 2026 guidance at 5.320-5.480 EPS and its Q2 2026 guidance at 1.320-1.360 EPS. On average, equities research analysts predict that Sprouts Farmers Market will post 5.55 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, insider Brandon F. Lombardi sold 406 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $82.04, for a total transaction of $33,308.24. Following the completion of the transaction, the insider owned 6,801 shares of the company’s stock, valued at approximately $557,954.04. This represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nicholas Konat sold 12,538 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the transaction, the chief operating officer directly owned 66,119 shares of the company’s stock, valued at $5,811,860.10. This represents a 15.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 45,310 shares of company stock worth $3,873,881. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Sprouts Farmers Market

Hedge funds have recently modified their holdings of the company. TD Private Client Wealth LLC increased its position in shares of Sprouts Farmers Market by 1,309.1% during the fourth quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock valued at $25,000 after purchasing an additional 288 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in Sprouts Farmers Market in the first quarter worth $25,000. Sound Income Strategies LLC bought a new position in Sprouts Farmers Market in the fourth quarter worth $27,000. Newbridge Financial Services Group Inc. acquired a new stake in Sprouts Farmers Market during the second quarter worth $29,000. Finally, Clearstead Advisors LLC boosted its stake in Sprouts Farmers Market by 72.7% during the fourth quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock worth $30,000 after buying an additional 160 shares in the last quarter.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.