JPMorgan Chase & Co. Cuts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $90.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective cut by JPMorgan Chase & Co. from $103.00 to $90.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. Evercore reissued an “outperform” rating and set a $95.00 price objective on shares of Sprouts Farmers Market in a report on Tuesday, September 1st. Roth Capital set a $82.00 target price on shares of Sprouts Farmers Market in a report on Friday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Monday, September 21st. UBS Group reissued a “neutral” rating on shares of Sprouts Farmers Market in a research note on Wednesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Sprouts Farmers Market from $84.00 to $77.00 and set a “hold” rating on the stock in a report on Friday, September 25th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $90.58.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $66.01 on Tuesday. The stock has a market capitalization of $6.16 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99. Sprouts Farmers Market has a 1 year low of $61.88 and a 1 year high of $114.34. The company’s fifty day moving average is $76.29 and its two-hundred day moving average is $78.86.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, July 29th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.02. Sprouts Farmers Market had a net margin of 5.58% and a return on equity of 34.84%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Sprouts Farmers Market has set its Q3 2026 guidance at 1.200-1.240 EPS and its FY 2026 guidance at 5.320-5.400 EPS. On average, sell-side analysts predict that Sprouts Farmers Market will post 5.52 earnings per share for the current year.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 10,788 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $86.80, for a total value of $936,398.40. Following the sale, the chief executive officer owned 269,980 shares of the company’s stock, valued at $23,434,264. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph D. O’leary sold 2,597 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $82.57, for a total transaction of $214,434.29. Following the completion of the sale, the director owned 14,710 shares in the company, valued at $1,214,604.70. This represents a 15.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,041 shares of company stock valued at $3,460,383 over the last 90 days. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the first quarter worth $25,000. Bell Investment Advisors Inc purchased a new stake in shares of Sprouts Farmers Market in the second quarter valued at $29,000. Ameritas Advisory Services LLC acquired a new stake in shares of Sprouts Farmers Market during the second quarter valued at $29,000. Geneos Wealth Management Inc. acquired a new stake in shares of Sprouts Farmers Market during the first quarter valued at $31,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Sprouts Farmers Market during the second quarter valued at $32,000.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc operates a specialty grocery chain focused on fresh, natural and organic products. Its stores offer fresh produce, meat and seafood, dairy, bakery and deli items, bulk foods, vitamins and supplements, packaged groceries, and a range of plant-based and health-oriented products.

Founded in 2002, Sprouts Farmers Market was developed around a farmers-market-inspired shopping experience, with an emphasis on value, fresh foods and products aligned with healthy lifestyles.