UBS Group Lowers Sprouts Farmers Market (NASDAQ:SFM) Price Target to $182.00

Sprouts Farmers Market (NASDAQ:SFM) had its price objective reduced by UBS Group from $196.00 to $182.00 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 20.10% from the company’s current price.

Several other equities research analysts also recently issued reports on SFM. Royal Bank Of Canada increased their price objective on shares of Sprouts Farmers Market from $172.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 15th. Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, May 1st. Wall Street Zen upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Barclays initiated coverage on shares of Sprouts Farmers Market in a research report on Monday, July 21st. They issued an “equal weight” rating and a $173.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $168.13.

Sprouts Farmers Market Trading Down 4.1%

Shares of SFM stock traded down $6.52 on Tuesday, hitting $151.54. The stock had a trading volume of 4,747,920 shares, compared to its average volume of 1,747,628. The company has a current ratio of 0.95, a quick ratio of 0.51 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a twelve month low of $91.36 and a twelve month high of $182.00. The company has a fifty day moving average price of $164.25 and a two-hundred day moving average price of $158.12. The firm has a market cap of $14.83 billion, a P/E ratio of 34.05, a PEG ratio of 1.96 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.12. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 earnings per share. As a group, analysts forecast that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Insider Activity

In other Sprouts Farmers Market news, SVP Kim Coffin sold 3,643 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $174.27, for a total transaction of $634,865.61. Following the completion of the sale, the senior vice president owned 11,886 shares of the company’s stock, valued at $2,071,373.22. This trade represents a 23.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 4,054 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $160.45, for a total transaction of $650,464.30. Following the sale, the chief executive officer owned 174,740 shares of the company’s stock, valued at approximately $28,037,033. This represents a 2.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,035 shares of company stock valued at $12,213,719. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

Institutional investors have recently made changes to their positions in the company. Whipplewood Advisors LLC increased its position in shares of Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock worth $29,000 after purchasing an additional 92 shares during the period. Dogwood Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 1st quarter worth approximately $30,000. GeoWealth Management LLC increased its stake in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after acquiring an additional 142 shares during the last quarter. Truvestments Capital LLC acquired a new position in Sprouts Farmers Market during the first quarter valued at approximately $35,000. Finally, SVB Wealth LLC bought a new stake in Sprouts Farmers Market during the first quarter worth $36,000.

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.