Brokerages Set Sprouts Farmers Market, Inc. (NASDAQ:SFM) Price Target at $27.33

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) have been given an average recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $27.33.

A number of equities research analysts have recently issued reports on SFM shares. Bank of America lowered Sprouts Farmers Market from a “buy” rating to an “underperform” rating and dropped their price target for the company from $40.00 to $25.00 in a research report on Thursday, May 5th. Credit Suisse Group raised their price target on Sprouts Farmers Market from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, February 28th. JPMorgan Chase & Co. raised their price target on Sprouts Farmers Market from $26.00 to $31.00 in a research report on Friday, February 25th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Saturday, April 16th. Finally, Gordon Haskett increased their price objective on Sprouts Farmers Market from $22.00 to $25.00 in a research note on Monday, March 7th.

In other news, insider Dan J. Sanders sold 5,412 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $32.68, for a total transaction of $176,864.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Terri F. Graham sold 3,623 shares of Sprouts Farmers Market stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $33.53, for a total value of $121,479.19. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,310 shares of company stock worth $3,475,206. 0.71% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFM. Guardian Wealth Management Inc. purchased a new position in shares of Sprouts Farmers Market during the fourth quarter worth about $25,000. Sterling Investment Advisors Ltd. purchased a new stake in Sprouts Farmers Market in the 4th quarter valued at approximately $27,000. UMB Bank N A MO purchased a new stake in Sprouts Farmers Market in the 4th quarter valued at approximately $28,000. Quent Capital LLC purchased a new stake in Sprouts Farmers Market in the 4th quarter valued at approximately $29,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Sprouts Farmers Market in the 1st quarter valued at approximately $35,000.

NASDAQ SFM traded up $0.56 during trading hours on Friday, reaching $25.25. The company’s stock had a trading volume of 99,547 shares, compared to its average volume of 2,015,808. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 1.53 and a beta of 0.38. Sprouts Farmers Market has a 1-year low of $21.18 and a 1-year high of $35.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.70. The company’s 50-day moving average is $29.79 and its two-hundred day moving average is $28.83.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last announced its earnings results on Wednesday, May 4th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 25.65% and a net margin of 4.05%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. Equities analysts forecast that Sprouts Farmers Market will post 2.16 EPS for the current fiscal year.

About Sprouts Farmers Market (Get Rating)

Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, 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.

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