Sprouts Farmers Market (NASDAQ:SFM) Price Target Raised to $62.00 at Evercore ISI

Sprouts Farmers Market (NASDAQ:SFM) had its price target hoisted by Evercore ISI from $59.00 to $62.00 in a research note released on Tuesday morning, Benzinga reports. The firm currently has an in-line rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America upgraded shares of Sprouts Farmers Market from an underperform rating to a buy rating and increased their target price for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. StockNews.com cut shares of Sprouts Farmers Market from a buy rating to a hold rating in a research note on Sunday, December 3rd. Finally, The Goldman Sachs Group raised their price target on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $51.29.

Sprouts Farmers Market Stock Up 0.7 %

SFM stock opened at $64.48 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51. Sprouts Farmers Market has a 52-week low of $32.12 and a 52-week high of $65.53. The company has a 50-day moving average of $57.35 and a two-hundred day moving average of $48.88. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 2.33 and a beta of 0.49.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that Sprouts Farmers Market will post 2.95 EPS for the current year.

Insider Transactions at Sprouts Farmers Market

In related news, COO Nicholas Konat sold 31,846 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $62.13, for a total value of $1,978,591.98. Following the completion of the sale, the chief operating officer now owns 82,495 shares of the company’s stock, valued at $5,125,414.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Stacy W. Hilgendorf sold 417 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $62.47, for a total value of $26,049.99. Following the completion of the sale, the vice president now owns 10,331 shares of the company’s stock, valued at $645,377.57. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Nicholas Konat sold 31,846 shares of Sprouts Farmers Market stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $62.13, for a total transaction of $1,978,591.98. Following the sale, the chief operating officer now directly owns 82,495 shares of the company’s stock, valued at approximately $5,125,414.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 160,852 shares of company stock valued at $10,032,745. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

A number of institutional investors have recently bought and sold shares of SFM. Raymond James Financial Services Advisors Inc. grew its holdings in Sprouts Farmers Market by 17.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 22,592 shares of the company’s stock worth $722,000 after acquiring an additional 3,389 shares during the period. Natixis Advisors L.P. acquired a new stake in Sprouts Farmers Market during the 1st quarter worth $387,000. Rhumbline Advisers grew its holdings in Sprouts Farmers Market by 1.6% during the 1st quarter. Rhumbline Advisers now owns 336,039 shares of the company’s stock worth $10,747,000 after acquiring an additional 5,334 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Sprouts Farmers Market by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,142 shares of the company’s stock worth $1,316,000 after acquiring an additional 3,923 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in Sprouts Farmers Market by 26.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 78,169 shares of the company’s stock worth $2,588,000 after acquiring an additional 16,200 shares during the period.

Sprouts Farmers Market Company Profile

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.