Royal Bank of Canada Boosts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $172.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective raised by research analysts at Royal Bank of Canada from $160.00 to $172.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential downside of 1.11% from the company’s current price.

Several other research analysts also recently weighed in on SFM. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Friday, February 28th. UBS Group raised their price target on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday. Roth Mkm upped their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. BMO Capital Markets increased their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $168.77.

Sprouts Farmers Market Stock Up 1.3 %

Shares of NASDAQ:SFM opened at $173.93 on Thursday. The company has a market capitalization of $17.08 billion, a P/E ratio of 46.26, a P/E/G ratio of 2.31 and a beta of 0.87. The stock’s fifty day simple moving average is $151.46 and its 200-day simple moving average is $146.34. Sprouts Farmers Market has a 52-week low of $71.15 and a 52-week high of $178.99. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.27. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last year, the company earned $1.12 EPS. As a group, equities research analysts forecast that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 1,065 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05. Following the completion of the sale, the insider now directly owns 9,830 shares of the company’s stock, valued at approximately $1,326,755.10. This trade represents a 9.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stacy W. Hilgendorf sold 890 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $122,303.80. Following the completion of the transaction, the vice president now owns 9,347 shares in the company, valued at $1,284,464.74. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,736 shares of company stock valued at $14,253,272 over the last three months. 1.10% of the stock is owned by company insiders.

Institutional Trading of Sprouts Farmers Market

Hedge funds and other institutional investors have recently modified their holdings of the business. Bailard Inc. boosted its holdings in Sprouts Farmers Market by 8.2% in the first quarter. Bailard Inc. now owns 5,456 shares of the company’s stock valued at $833,000 after purchasing an additional 414 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Sprouts Farmers Market by 11.3% during the 1st quarter. Victory Capital Management Inc. now owns 65,462 shares of the company’s stock valued at $9,992,000 after buying an additional 6,644 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of Sprouts Farmers Market by 154.5% during the first quarter. SBI Securities Co. Ltd. now owns 1,028 shares of the company’s stock worth $157,000 after buying an additional 624 shares in the last quarter. Sigma Planning Corp bought a new stake in shares of Sprouts Farmers Market in the first quarter worth $270,000. Finally, Signaturefd LLC raised its holdings in Sprouts Farmers Market by 12.3% in the first quarter. Signaturefd LLC now owns 3,645 shares of the company’s stock valued at $556,000 after acquiring an additional 399 shares in the last quarter.

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.