Evercore ISI Cuts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $180.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target lowered by Evercore ISI from $185.00 to $180.00 in a research report released on Tuesday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on SFM. UBS Group increased their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Roth Mkm raised their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research note on Friday, February 28th. Jefferies Financial Group raised their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets raised their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus target price of $154.15.

Sprouts Farmers Market Stock Down 2.8 %

Sprouts Farmers Market stock opened at $133.58 on Tuesday. Sprouts Farmers Market has a twelve month low of $60.46 and a twelve month high of $178.99. The stock has a 50 day moving average of $150.75 and a two-hundred day moving average of $133.96. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, research analysts expect that Sprouts Farmers Market will post 4.29 earnings per share for the current year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total transaction of $407,201.90. Following the transaction, the chief executive officer now owns 149,499 shares in the company, valued at $20,741,491.26. The trade was a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joe Fortunato sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total value of $724,000.00. Following the transaction, the director now owns 28,571 shares in the company, valued at approximately $4,137,080.80. This represents a 14.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,564 shares of company stock worth $2,413,770. 1.10% of the stock is owned by insiders.

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 shares of Sprouts Farmers Market by 0.3% during the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock worth $3,642,000 after buying an additional 77 shares during the period. EverSource Wealth Advisors LLC raised its stake in Sprouts Farmers Market by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock valued at $251,000 after purchasing an additional 77 shares during the period. Greenleaf Trust increased its stake in shares of Sprouts Farmers Market by 1.2% in the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after acquiring an additional 80 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock worth $845,000 after acquiring an additional 90 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted 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 worth $3,896,000 after purchasing 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.