Oppenheimer Increases Sprouts Farmers Market (SFM) Price Target to $31.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective boosted by Oppenheimer from $28.00 to $31.00 in a report released on Tuesday. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 16.67% from the company’s current price.

SFM has been the subject of several other reports. Gordon Haskett upgraded Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, January 31st. Stephens set a $27.00 target price on Sprouts Farmers Market and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Royal Bank of Canada set a $28.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, October 30th. BMO Capital Markets upped their target price on Sprouts Farmers Market from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Saturday, November 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Sprouts Farmers Market has a consensus rating of “Buy” and an average target price of $25.94.

Shares of Sprouts Farmers Market (NASDAQ:SFM) traded up $0.64 during trading hours on Tuesday, reaching $26.57. The company’s stock had a trading volume of 1,979,889 shares, compared to its average volume of 2,062,067. The firm has a market capitalization of $3,510.00, a price-to-earnings ratio of 27.52, a PEG ratio of 2.12 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. Sprouts Farmers Market has a 12 month low of $17.38 and a 12 month high of $28.29.

In related news, Director Shon A. Boney sold 848,409 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total value of $20,972,670.48. Following the sale, the director now directly owns 478,965 shares in the company, valued at approximately $11,840,014.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amin N. Maredia sold 12,301 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $24.33, for a total value of $299,283.33. The disclosure for this sale can be found here. Insiders have sold a total of 1,634,260 shares of company stock worth $42,246,330 over the last quarter. Insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. boosted its stake in Sprouts Farmers Market by 16.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 126,516 shares of the company’s stock valued at $2,868,000 after purchasing an additional 17,687 shares in the last quarter. GSA Capital Partners LLP bought a new position in Sprouts Farmers Market during the 2nd quarter valued at $369,000. Northern Trust Corp boosted its stake in Sprouts Farmers Market by 1.2% during the 2nd quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock valued at $25,568,000 after purchasing an additional 13,641 shares in the last quarter. Vanguard Group Inc. boosted its stake in Sprouts Farmers Market by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 10,568,169 shares of the company’s stock valued at $239,580,000 after purchasing an additional 104,072 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Sprouts Farmers Market by 8.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 149,820 shares of the company’s stock valued at $3,396,000 after purchasing an additional 11,705 shares in the last quarter. Hedge funds and other institutional investors own 89.98% 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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