Sprouts Farmers Market (NASDAQ:SFM) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Sprouts Farmers Market (NASDAQ:SFM) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Monday, Marketbeat reports. The brokerage presently has a $190.00 price target on the stock, up from their prior price target of $163.00. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 37.87% from the company’s previous close.

A number of other analysts have also weighed in on SFM. The Goldman Sachs Group raised their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Jefferies Financial Group raised their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. UBS Group raised their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Evercore ISI reduced their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $162.92.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $137.81 on Monday. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 2.31 and a beta of 0.67. The company has a 50 day moving average of $150.79 and a 200-day moving average of $135.17. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a 1-year low of $60.46 and a 1-year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, equities analysts forecast that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 1,065 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05. Following the transaction, the insider now directly owns 9,830 shares in the company, valued at $1,326,755.10. The trade was a 9.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the sale, the chief executive officer now directly owns 143,669 shares of the company’s stock, valued at $24,070,304.26. The trade was a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,690 shares of company stock worth $1,869,825 in the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wesbanco Bank Inc. boosted its holdings in Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Sprouts Farmers Market by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after acquiring an additional 77 shares during the period. Greenleaf Trust lifted its holdings in shares of Sprouts Farmers Market by 1.2% during the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after acquiring an additional 80 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock worth $845,000 after acquiring an additional 90 shares during the period. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of Sprouts Farmers Market by 0.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock worth $3,896,000 after acquiring an additional 95 shares during the period.

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.