Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $49.57 Average Target Price from Brokerages

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $51.29.

SFM has been the subject of a number of recent analyst reports. Bank of America upgraded Sprouts Farmers Market from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $70.00 in a report on Tuesday, February 27th. The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Sunday, December 3rd. Finally, Evercore ISI boosted their price objective on Sprouts Farmers Market from $59.00 to $62.00 and gave the company an “in-line” rating in a report on Tuesday.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 3,865 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $62.21, for a total value of $240,441.65. Following the completion of the sale, the insider now directly owns 8,328 shares in the company, valued at approximately $518,084.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Brandon F. Lombardi sold 3,865 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $62.21, for a total value of $240,441.65. Following the completion of the transaction, the insider now directly owns 8,328 shares of the company’s stock, valued at approximately $518,084.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Stacy W. Hilgendorf sold 417 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $62.47, for a total value of $26,049.99. Following the completion of the transaction, the vice president now directly owns 10,331 shares of the company’s stock, valued at $645,377.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 160,852 shares of company stock worth $10,032,745. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its position in Sprouts Farmers Market by 17.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 22,592 shares of the company’s stock valued at $722,000 after buying an additional 3,389 shares in the last quarter. Natixis Advisors L.P. acquired a new position in Sprouts Farmers Market during the 1st quarter valued at about $387,000. Rhumbline Advisers increased its position in Sprouts Farmers Market by 1.6% during the 1st quarter. Rhumbline Advisers now owns 336,039 shares of the company’s stock valued at $10,747,000 after buying an additional 5,334 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Sprouts Farmers Market by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,142 shares of the company’s stock valued at $1,316,000 after buying an additional 3,923 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Sprouts Farmers Market by 26.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 78,169 shares of the company’s stock valued at $2,588,000 after buying an additional 16,200 shares in the last quarter.

Sprouts Farmers Market Stock Up 0.2 %

NASDAQ SFM opened at $64.04 on Friday. The stock’s 50-day moving average price is $56.83 and its 200-day moving average price is $48.59. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 0.12. Sprouts Farmers Market has a 52 week low of $32.12 and a 52 week high of $65.53. The company has a market capitalization of $6.48 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 2.31 and a beta of 0.49.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. On average, equities research analysts predict that Sprouts Farmers Market will post 2.95 earnings per share for the current year.

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.