Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives $137.86 Consensus Target Price from Brokerages

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $137.8571.

SFM has been the subject of several research reports. The Goldman Sachs Group decreased their price objective on shares of Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Wells Fargo & Company decreased their target price on shares of Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Wall Street Zen downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings cut Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 30th. Finally, Jefferies Financial Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 1st.

Sprouts Farmers Market Trading Up 0.1%

NASDAQ SFM opened at $81.79 on Thursday. The company has a fifty day simple moving average of $106.23 and a two-hundred day simple moving average of $140.64. Sprouts Farmers Market has a 12-month low of $75.75 and a 12-month high of $182.00. The stock has a market cap of $7.96 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.18 and a beta of 0.72.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. As a group, sell-side analysts forecast that Sprouts Farmers Market will post 4.29 earnings per share for the current year.

Sprouts Farmers Market announced that its board has approved a stock buyback program on Tuesday, August 19th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other Sprouts Farmers Market news, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total value of $92,168.58. Following the completion of the transaction, the senior vice president owned 11,235 shares of the company’s stock, valued at approximately $1,590,651.30. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $137.06, for a total transaction of $588,261.52. Following the sale, the chief technology officer directly owned 9,167 shares in the company, valued at approximately $1,256,429.02. The trade was a 31.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 21,447 shares of company stock valued at $2,800,812 in the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Several institutional investors have recently bought and sold shares of SFM. Bank of America Corp DE raised its stake in shares of Sprouts Farmers Market by 137.0% during the 2nd quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock worth $425,582,000 after buying an additional 1,494,014 shares during the period. Norges Bank acquired a new stake in Sprouts Farmers Market in the 2nd quarter valued at $198,080,000. Two Sigma Investments LP increased its holdings in Sprouts Farmers Market by 185.2% in the 3rd quarter. Two Sigma Investments LP now owns 1,300,786 shares of the company’s stock worth $141,526,000 after acquiring an additional 844,717 shares in the last quarter. Wellington Management Group LLP raised its position in Sprouts Farmers Market by 300.3% during the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock worth $158,316,000 after acquiring an additional 778,079 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in Sprouts Farmers Market by 157.3% during the second quarter. Qube Research & Technologies Ltd now owns 1,248,891 shares of the company’s stock worth $205,617,000 after acquiring an additional 763,422 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.