The Goldman Sachs Group Boosts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $111.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target hoisted by The Goldman Sachs Group from $89.00 to $111.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a hold rating in a report on Monday, July 29th. BMO Capital Markets raised shares of Sprouts Farmers Market from an underperform rating to a market perform rating and increased their price objective for the company from $40.00 to $102.00 in a report on Tuesday. Wells Fargo & Company raised shares of Sprouts Farmers Market from an underweight rating to an equal weight rating and raised their target price for the company from $62.00 to $90.00 in a report on Tuesday. Oppenheimer reissued a market perform rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Finally, Roth Mkm raised their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a neutral rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of Hold and an average price target of $93.38.

Sprouts Farmers Market Trading Down 3.1 %

Sprouts Farmers Market stock opened at $97.67 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a 12-month low of $37.10 and a 12-month high of $103.80. The firm has a 50 day moving average of $81.83 and a 200 day moving average of $68.85. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 2.86 and a beta of 0.55.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm posted $0.71 EPS. The company’s revenue was up 12.3% on a year-over-year basis. As a group, research analysts predict that Sprouts Farmers Market will post 3.38 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Brandon F. Lombardi sold 5,174 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $74.97, for a total value of $387,894.78. Following the completion of the sale, the insider now directly owns 6,052 shares in the company, valued at $453,718.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Brandon F. Lombardi sold 5,174 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $74.97, for a total value of $387,894.78. Following the completion of the sale, the insider now directly owns 6,052 shares in the company, valued at $453,718.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joe Fortunato sold 7,895 shares of Sprouts Farmers Market stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $98.38, for a total value of $776,710.10. Following the sale, the director now owns 45,071 shares of the company’s stock, valued at $4,434,084.98. The disclosure for this sale can be found here. Insiders sold a total of 132,746 shares of company stock worth $11,648,541 over the last three months. 1.10% of the stock is owned by insiders.

Institutional Trading of Sprouts Farmers Market

Several institutional investors and hedge funds have recently made changes to their positions in SFM. Rise Advisors LLC bought a new stake in shares of Sprouts Farmers Market during the first quarter worth $26,000. Crewe Advisors LLC lifted its position in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sprouts Farmers Market during the second quarter worth $29,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Sprouts Farmers Market during the first quarter worth $36,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Sprouts Farmers Market during the fourth quarter worth $38,000.

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.