Credit Suisse Group Analysts Give Sprouts Farmers Market (SFM) a $26.00 Price Target

Credit Suisse Group set a $26.00 price objective on Sprouts Farmers Market (NASDAQ:SFM) in a report published on Friday, November 2nd. The brokerage currently has a hold rating on the stock.

Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Sprouts Farmers Market from a hold rating to a buy rating in a report on Wednesday, October 31st. Morgan Stanley set a $26.00 target price on shares of Sprouts Farmers Market and gave the company a hold rating in a report on Monday, October 22nd. Zacks Investment Research upgraded shares of Sprouts Farmers Market from a hold rating to a buy rating and set a $30.00 target price for the company in a report on Monday, October 8th. Wells Fargo & Co cut shares of Sprouts Farmers Market from an outperform rating to a market perform rating and set a $26.00 target price for the company. in a report on Monday, September 24th. Finally, Oppenheimer upped their target price on shares of Sprouts Farmers Market from $25.00 to $31.00 and gave the company an outperform rating in a report on Friday, September 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $27.50.

SFM traded down $0.15 during trading hours on Friday, hitting $27.01. 1,453,076 shares of the company’s stock were exchanged, compared to its average volume of 2,153,320. Sprouts Farmers Market has a 12-month low of $19.80 and a 12-month high of $29.67. The company has a market cap of $3.40 billion, a P/E ratio of 21.30, a PEG ratio of 1.73 and a beta of 0.74. The company has a quick ratio of 0.30, a current ratio of 1.15 and a debt-to-equity ratio of 0.87.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Sprouts Farmers Market had a net margin of 3.65% and a return on equity of 25.85%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts forecast that Sprouts Farmers Market will post 1.28 earnings per share for the current year.

In other news, COO Dan J. Sanders sold 19,929 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $28.91, for a total value of $576,147.39. Following the completion of the transaction, the chief operating officer now owns 610,846 shares in the company, valued at approximately $17,659,557.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brandon F. Lombardi sold 50,000 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $28.28, for a total transaction of $1,414,000.00. Following the completion of the transaction, the insider now owns 93,581 shares of the company’s stock, valued at approximately $2,646,470.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,929 shares of company stock valued at $3,137,967. 1.80% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Sprouts Farmers Market by 1.9% during the 3rd quarter. BlackRock Inc. now owns 11,178,725 shares of the company’s stock worth $306,410,000 after purchasing an additional 205,107 shares during the last quarter. Waddell & Reed Financial Inc. boosted its stake in shares of Sprouts Farmers Market by 13.8% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 5,722,550 shares of the company’s stock worth $126,296,000 after purchasing an additional 694,448 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Sprouts Farmers Market by 4.8% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,842,567 shares of the company’s stock worth $62,735,000 after purchasing an additional 129,119 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Sprouts Farmers Market by 25.4% during the 2nd quarter. Jennison Associates LLC now owns 2,819,867 shares of the company’s stock worth $62,234,000 after purchasing an additional 571,684 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Sprouts Farmers Market by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,519,098 shares of the company’s stock worth $55,598,000 after purchasing an additional 39,535 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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