Sprouts Farmers Market (NASDAQ:SFM) Given New $159.00 Price Target at The Goldman Sachs Group

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

Several other equities research analysts have also recently weighed in on the company. Evercore ISI boosted their price objective on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday. BMO Capital Markets upped their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday. Bank of America upped their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM traded up $1.78 during mid-day trading on Friday, reaching $130.21. The stock had a trading volume of 2,282,329 shares, compared to its average volume of 1,206,718. The company has a current ratio of 1.13, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The company has a market cap of $13.02 billion, a P/E ratio of 37.63, a price-to-earnings-growth ratio of 2.73 and a beta of 0.54. Sprouts Farmers Market has a 1 year low of $39.98 and a 1 year high of $135.10. The business’s 50 day moving average price is $110.21 and its 200 day moving average price is $91.34.

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

Insider Activity

In other news, insider Dustin Hamilton sold 500 shares of the 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 completion of the sale, the insider now owns 27,188 shares in the company, valued at approximately $2,651,373.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, 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 value of $48,760.00. Following the completion of the transaction, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the transaction, the chief executive officer now owns 233,860 shares of the company’s stock, valued at $22,338,307.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,543 shares of company stock worth $5,751,870. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SFM. UMB Bank n.a. lifted its holdings in Sprouts Farmers Market by 26.3% in the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $67,000 after purchasing an additional 126 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Sprouts Farmers Market by 0.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after purchasing an additional 148 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Sprouts Farmers Market by 4.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock valued at $402,000 after purchasing an additional 158 shares in the last quarter. Hanseatic Management Services Inc. lifted its holdings in Sprouts Farmers Market by 23.3% in the 3rd quarter. Hanseatic Management Services Inc. now owns 931 shares of the company’s stock valued at $103,000 after purchasing an additional 176 shares in the last quarter. Finally, Ironwood Investment Counsel LLC lifted its holdings in Sprouts Farmers Market by 3.8% in the 1st quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock valued at $340,000 after purchasing an additional 195 shares in 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.