Wells Fargo & Company Cuts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $135.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target cut by Wells Fargo & Company from $180.00 to $135.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. UBS Group set a $108.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Sprouts Farmers Market from $159.00 to $124.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Barclays decreased their target price on shares of Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Sprouts Farmers Market in a research report on Tuesday, October 14th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Sprouts Farmers Market Stock Performance

SFM opened at $78.96 on Thursday. Sprouts Farmers Market has a 1-year low of $75.75 and a 1-year high of $182.00. The company has a 50-day moving average of $118.35 and a 200-day moving average of $146.49. The company has a market capitalization of $7.72 billion, a P/E ratio of 15.27, a PEG ratio of 1.18 and a beta of 0.77.

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 net margin of 5.93% and a return on equity of 38.83%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. 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 expect that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market declared that its board has approved a stock repurchase program on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits 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 shares are undervalued.

Insider Buying and Selling

In other news, SVP Kim Coffin sold 651 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 11,235 shares of the company’s stock, valued at approximately $1,590,651.30. This represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO James H. Bahrenburg sold 4,292 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.06, for a total transaction of $588,261.52. Following the completion of the sale, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at approximately $1,256,429.02. This represents a 31.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 38,429 shares of company stock worth $5,351,362. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sprouts Farmers Market in the 2nd quarter worth approximately $29,000. Dogwood Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter worth approximately $30,000. Truvestments Capital LLC acquired a new stake in Sprouts Farmers Market during the first quarter valued at approximately $35,000. SVB Wealth LLC acquired a new stake in Sprouts Farmers Market during the first quarter valued at approximately $36,000. Finally, Root Financial Partners LLC acquired a new stake in Sprouts Farmers Market during the third quarter valued at approximately $26,000.

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.