Sprouts Farmers Market (NASDAQ:SFM) Given New $40.00 Price Target at BMO Capital Markets

Sprouts Farmers Market (NASDAQ:SFM) had its price target upped by equities research analysts at BMO Capital Markets from $31.00 to $40.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “underperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 45.21% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Oppenheimer reissued a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and raised their price target for the company from $30.00 to $70.00 in a research report on Tuesday, February 27th. Finally, Evercore ISI reduced their price target on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.50.

Sprouts Farmers Market Stock Up 13.6 %

SFM traded up $8.72 on Thursday, hitting $73.01. The company had a trading volume of 1,604,038 shares, compared to its average volume of 1,323,925. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51. Sprouts Farmers Market has a 52-week low of $32.12 and a 52-week high of $73.78. The stock has a fifty day simple moving average of $63.29 and a 200-day simple moving average of $52.52. The firm has a market capitalization of $7.39 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.40 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the business posted $0.42 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts expect that Sprouts Farmers Market will post 2.95 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Brandon F. Lombardi sold 3,865 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $62.21, for a total value of $240,441.65. Following the completion of the sale, the insider now directly owns 8,328 shares in the company, valued at approximately $518,084.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Stacy W. Hilgendorf sold 3,774 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $62.26, for a total value of $234,969.24. Following the completion of the transaction, the vice president now owns 10,748 shares of the company’s stock, valued at approximately $669,170.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brandon F. Lombardi sold 3,865 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $62.21, for a total transaction of $240,441.65. Following the completion of the transaction, the insider now directly owns 8,328 shares of the company’s stock, valued at approximately $518,084.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 160,852 shares of company stock worth $10,032,745. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SFM. VisionPoint Advisory Group LLC bought a new position in Sprouts Farmers Market in the 3rd quarter worth $25,000. Rise Advisors LLC bought a new position in shares of Sprouts Farmers Market during the 1st quarter valued at about $26,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Sprouts Farmers Market during the 1st quarter valued at about $36,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Sprouts Farmers Market during the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC bought a new position in shares of Sprouts Farmers Market during the 4th quarter valued at about $43,000.

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.