Jefferies Financial Group Issues Positive Forecast for Sprouts Farmers Market (NASDAQ:SFM) Stock Price

Sprouts Farmers Market (NASDAQ:SFM) had its target price increased by research analysts at Jefferies Financial Group from $119.00 to $139.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 3.12% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Evercore ISI raised their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. UBS Group lifted their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Roth Mkm increased their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday. The Goldman Sachs Group boosted their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday. Finally, Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus target price of $151.18.

Sprouts Farmers Market Stock Up 0.1 %

Shares of NASDAQ:SFM opened at $143.48 on Tuesday. Sprouts Farmers Market has a 52-week low of $59.13 and a 52-week high of $178.99. The stock has a market cap of $14.14 billion, a P/E ratio of 38.16, a PEG ratio of 2.31 and a beta of 0.63. The business has a fifty day moving average of $148.12 and a two-hundred day moving average of $130.44. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

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

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 30,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the completion of the transaction, the chief executive officer now owns 163,862 shares in the company, valued at approximately $24,454,764.88. The trade was a 15.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the sale, the director now owns 10,874 shares in the company, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,614 shares of company stock valued at $6,323,731. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its holdings in shares of Sprouts Farmers Market by 42.4% in the 3rd quarter. Raymond James & Associates now owns 44,124 shares of the company’s stock valued at $4,872,000 after buying an additional 13,142 shares in the last quarter. Private Advisor Group LLC lifted its position in Sprouts Farmers Market by 67.4% in the third quarter. Private Advisor Group LLC now owns 7,667 shares of the company’s stock valued at $847,000 after acquiring an additional 3,087 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Sprouts Farmers Market by 3,347.7% in the third quarter. International Assets Investment Management LLC now owns 164,732 shares of the company’s stock valued at $18,188,000 after acquiring an additional 159,954 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Sprouts Farmers Market by 1.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 171,005 shares of the company’s stock worth $18,395,000 after purchasing an additional 1,786 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Sprouts Farmers Market by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 17,557 shares of the company’s stock worth $1,938,000 after purchasing an additional 610 shares during 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.