Stephens Reiterates “$25.00” Price Target for Sprouts Farmers Market (SFM)

Stephens set a $25.00 price target on Sprouts Farmers Market (NASDAQ:SFM) in a research report released on Wednesday. The brokerage currently has a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. TheStreet raised shares of Sprouts Farmers Market from a c rating to a b- rating in a research note on Monday, December 4th. Zacks Investment Research raised shares of Sprouts Farmers Market from a hold rating to a buy rating and set a $23.00 price objective for the company in a research note on Saturday, November 4th. UBS Group set a $25.00 price objective on shares of Sprouts Farmers Market and gave the company a buy rating in a research note on Monday, October 30th. Royal Bank of Canada set a $28.00 price objective on shares of Sprouts Farmers Market and gave the company a buy rating in a research note on Monday, October 30th. Finally, SunTrust Banks reaffirmed a buy rating and set a $27.00 price objective on shares of Sprouts Farmers Market in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $24.89.

Shares of Sprouts Farmers Market (NASDAQ SFM) opened at $25.47 on Wednesday. Sprouts Farmers Market has a one year low of $17.38 and a one year high of $25.98. The stock has a market cap of $3,389.32, a PE ratio of 26.26, a P/E/G ratio of 1.98 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company earned $0.16 EPS. Sprouts Farmers Market’s revenue was up 16.4% compared to the same quarter last year. equities analysts expect that Sprouts Farmers Market will post 1 earnings per share for the current year.

In other news, COO James Leroy Nielsen sold 110,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $23.17, for a total value of $2,548,700.00. Following the transaction, the chief operating officer now directly owns 207,108 shares in the company, valued at approximately $4,798,692.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amin N. Maredia sold 12,301 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $24.33, for a total transaction of $299,283.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,015,934 shares of company stock worth $24,918,352. Company insiders own 2.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Advisory Services Network LLC lifted its holdings in Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after buying an additional 4,864 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Sprouts Farmers Market by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after buying an additional 1,161 shares in the last quarter. Harvest Management LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $188,000. Seven Eight Capital LP acquired a new stake in Sprouts Farmers Market during the 2nd quarter worth approximately $193,000. Finally, Sadoff Investment Management LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $223,000. Hedge funds and other institutional investors own 89.68% of the company’s stock.

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About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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