Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $180.00 at BMO Capital Markets

Sprouts Farmers Market (NASDAQ:SFM) had its price objective boosted by BMO Capital Markets from $140.00 to $180.00 in a research note issued to investors on Friday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other analysts have also recently weighed in on the stock. UBS Group raised their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company upped their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Evercore ISI increased their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $152.40.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM opened at $143.32 on Friday. The firm has a 50 day moving average of $148.11 and a 200 day moving average of $129.61. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 41.42, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. Sprouts Farmers Market has a 52 week low of $52.57 and a 52 week high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. On average, sell-side analysts predict that Sprouts Farmers Market will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the sale, the chief executive officer now directly owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph D. O’leary sold 350 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the transaction, the director now directly owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. This trade represents a 1.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,614 shares of company stock worth $6,323,731 over the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Several hedge funds and other institutional investors have recently bought and sold shares of SFM. Wesbanco Bank Inc. boosted its position in Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock worth $3,642,000 after purchasing an additional 77 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Sprouts Farmers Market by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after buying an additional 77 shares in the last quarter. Greenleaf Trust boosted its holdings in Sprouts Farmers Market by 1.2% during the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after buying an additional 80 shares in the last quarter. Foundations Investment Advisors LLC grew its position in Sprouts Farmers Market by 1.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after buying an additional 90 shares during the period. Finally, Summit Investment Advisors Inc. increased its holdings in Sprouts Farmers Market by 0.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock valued at $3,896,000 after buying an additional 95 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.