Royal Bank Of Canada Cuts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $140.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target trimmed by Royal Bank Of Canada from $148.00 to $140.00 in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the stock.

Several other research firms also recently issued reports on SFM. Jefferies Financial Group raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Friday, August 1st. JPMorgan Chase & Co. lowered their price objective on Sprouts Farmers Market from $159.00 to $124.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Barclays decreased their target price on shares of Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group set a $108.00 target price on shares of Sprouts Farmers Market in a research report on Thursday. Finally, Roth Capital reissued a “neutral” rating and set a $91.00 target price on shares of Sprouts Farmers Market in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $78.96 on Thursday. The business has a 50 day moving average of $118.35 and a 200-day moving average of $146.49. Sprouts Farmers Market has a 1 year low of $75.75 and a 1 year high of $182.00. The company has a market capitalization of $7.72 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.18 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. Equities analysts anticipate that Sprouts Farmers Market will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its board has authorized a share repurchase plan on Tuesday, August 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 868 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $108.50, for a total transaction of $94,178.00. Following the completion of the sale, the insider owned 15,481 shares of the company’s stock, valued at $1,679,688.50. This trade represents a 5.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kim Coffin sold 651 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total transaction of $92,168.58. Following the sale, the senior vice president directly owned 11,235 shares of the company’s stock, valued at approximately $1,590,651.30. This trade represents a 5.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 38,429 shares of company stock worth $5,351,362. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Large investors have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $26,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $29,000. Dogwood Wealth Management LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sprouts Farmers Market in the 3rd quarter worth $33,000. Finally, Truvestments Capital LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter worth $35,000.

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.