Sprouts Farmers Market (NASDAQ:SFM) PT Raised to $70.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective upped by Evercore ISI from $68.00 to $70.00 in a research note published on Tuesday morning, Benzinga reports. They currently have an in-line rating on the stock.

Several other research firms have also recently commented on SFM. Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an underweight rating in a research report on Thursday, May 2nd. Bank of America raised Sprouts Farmers Market from an underperform rating to a buy rating and lifted their target price for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the company a hold rating in a research report on Thursday, May 9th. Finally, Oppenheimer reissued a market perform rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $57.25.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $78.57 on Tuesday. The firm’s fifty day simple moving average is $66.64 and its 200 day simple moving average is $55.16. The company has a current ratio of 1.19, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. Sprouts Farmers Market has a twelve month low of $32.12 and a twelve month high of $78.81. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.76 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business earned $0.98 EPS. The business’s revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts expect that Sprouts Farmers Market will post 3.11 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jack Sinclair sold 31,710 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $63.03, for a total value of $1,998,681.30. Following the completion of the sale, the chief executive officer now directly owns 274,981 shares in the company, valued at $17,332,052.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 31,710 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $63.03, for a total value of $1,998,681.30. Following the sale, the chief executive officer now owns 274,981 shares of the company’s stock, valued at approximately $17,332,052.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Mcglinchey sold 12,219 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $74.01, for a total value of $904,328.19. Following the completion of the sale, the insider now directly owns 25,007 shares of the company’s stock, valued at $1,850,768.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 210,567 shares of company stock valued at $13,722,524. Insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Institutional investors have recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC lifted its stake in Sprouts Farmers Market by 10.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 158,767 shares of the company’s stock worth $7,638,000 after purchasing an additional 14,401 shares during the period. Qsemble Capital Management LP bought a new stake in Sprouts Farmers Market in the fourth quarter valued at $909,000. International Assets Investment Management LLC raised its stake in Sprouts Farmers Market by 2,152.8% during the fourth quarter. International Assets Investment Management LLC now owns 65,670 shares of the company’s stock worth $3,159,000 after acquiring an additional 62,755 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of Sprouts Farmers Market by 1.2% in the 4th quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock valued at $71,075,000 after purchasing an additional 17,565 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Sprouts Farmers Market in the 4th quarter worth about $1,337,000.

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.