The Goldman Sachs Group Boosts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $159.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective boosted by The Goldman Sachs Group from $127.00 to $159.00 in a report issued on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

SFM has been the topic of a number of other research reports. Evercore ISI boosted their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada began coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target for the company. BMO Capital Markets lifted their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, Roth Mkm lifted their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Stock Up 1.4 %

Shares of NASDAQ SFM opened at $130.21 on Friday. The stock has a market capitalization of $13.02 billion, a P/E ratio of 37.63, a PEG ratio of 2.73 and a beta of 0.54. Sprouts Farmers Market has a one year low of $39.98 and a one year high of $135.10. The firm’s 50 day simple moving average is $110.21 and its two-hundred day simple moving average is $91.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.44.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. Sprouts Farmers Market’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 EPS. As a group, analysts expect that Sprouts Farmers Market will post 3.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Joel D. Anderson sold 20,851 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.16, for a total transaction of $2,005,032.16. Following the completion of the transaction, the director now owns 18,809 shares of the company’s stock, valued at approximately $1,808,673.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Joel D. Anderson sold 20,851 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.16, for a total value of $2,005,032.16. Following the sale, the director now directly owns 18,809 shares of the company’s stock, valued at approximately $1,808,673.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $48,760.00. Following the completion of the transaction, the insider now directly owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,829 shares of company stock worth $5,206,068 in the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors have recently made changes to their positions in the company. Marshall Wace LLP raised its holdings in Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after acquiring an additional 973,666 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Sprouts Farmers Market by 15.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after purchasing an additional 593,600 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Sprouts Farmers Market by 2,577.7% in the third quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock worth $49,980,000 after purchasing an additional 435,767 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Sprouts Farmers Market by 9.8% during the first quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock valued at $216,419,000 after purchasing an additional 297,067 shares in the last quarter. Finally, Fiera Capital Corp purchased a new stake in shares of Sprouts Farmers Market during the third quarter valued at $31,712,000.

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.