Analysts Set Sprouts Farmers Market, Inc. (NASDAQ:SFM) PT at $93.38

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) have received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $93.38.

SFM has been the topic of a number of analyst reports. Roth Mkm increased their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. UBS Group lifted their price target on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. BMO Capital Markets raised shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $40.00 to $102.00 in a research report on Tuesday, July 30th. Finally, Oppenheimer reissued a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $97.87 on Tuesday. The company has a market cap of $9.83 billion, a P/E ratio of 33.75, a PEG ratio of 2.81 and a beta of 0.55. Sprouts Farmers Market has a fifty-two week low of $38.46 and a fifty-two week high of $103.80. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average price is $87.76 and its 200 day moving average price is $74.12.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. On average, research analysts forecast that Sprouts Farmers Market will post 3.37 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Stacy W. Hilgendorf sold 1,904 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $101.12, for a total transaction of $192,532.48. Following the completion of the sale, the vice president now owns 10,237 shares in the company, valued at approximately $1,035,165.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares in the company, valued at $2,651,373.76. The disclosure for this sale can be found here. Insiders sold a total of 107,596 shares of company stock valued at $10,407,206 over the last ninety days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently made changes to their positions in SFM. Rise Advisors LLC purchased a new position in shares of Sprouts Farmers Market in the 1st quarter valued at approximately $26,000. Crewe Advisors LLC grew its position in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Sprouts Farmers Market in the 2nd quarter valued at $29,000. Blue Bell Private Wealth Management LLC purchased a new position in Sprouts Farmers Market during the 1st quarter worth $36,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Sprouts Farmers Market in the 4th quarter worth $38,000.

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.