The Goldman Sachs Group Forecasts Strong Price Appreciation for Sprouts Farmers Market (NASDAQ:SFM) Stock

Sprouts Farmers Market (NASDAQ:SFM) had its target price hoisted by The Goldman Sachs Group from $127.00 to $159.00 in a research note issued to investors on Friday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

SFM has been the topic of a number of other research reports. Melius Research assumed coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective on the stock. Evercore ISI increased their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Bank of America upped their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Roth Mkm upped their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Trading Up 1.2 %

NASDAQ:SFM opened at $131.79 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $13.18 billion, a PE ratio of 38.09, a P/E/G ratio of 2.73 and a beta of 0.54. Sprouts Farmers Market has a 52-week low of $39.98 and a 52-week high of $135.10. The stock’s 50 day moving average price is $110.21 and its 200 day moving average price is $91.75.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. On average, research analysts anticipate that Sprouts Farmers Market will post 3.67 EPS for the current year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joel D. Anderson sold 20,851 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.16, for a total value of $2,005,032.16. Following the completion of the sale, the director now directly owns 18,809 shares of the company’s stock, valued at approximately $1,808,673.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Joel D. Anderson sold 20,851 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.16, for a total transaction of $2,005,032.16. Following the completion of the sale, the director now directly owns 18,809 shares of the company’s stock, valued at $1,808,673.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total value of $577,628.26. Following the sale, the chief executive officer now directly owns 222,432 shares in the company, valued at $22,485,650.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,829 shares of company stock valued at $5,206,068 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Crewe Advisors LLC boosted its stake in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market in the third quarter worth $38,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sprouts Farmers Market during the second quarter valued at $29,000. Quarry LP raised its position in Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after buying an additional 442 shares during the period. Finally, Waldron Private Wealth LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter worth about $60,000.

About Sprouts Farmers Market

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.