JPMorgan Chase & Co. Cuts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $90.00

Key Points

• JPMorgan lowered Sprouts Farmers Market’s price target from $103 to $90 while maintaining an “overweight” rating, implying approximately 40% upside from the reported $64.09 share price.
• Analyst sentiment is mixed: seven analysts rate the stock a Buy, six a Hold and one a Sell, resulting in a consensus “Hold” rating and an average target price of $90.58.
• Sprouts shares fell 1.3% to $64.09 and remain well below their 52-week high of $114.34. The company’s latest quarterly results slightly exceeded expectations, with EPS of $1.37 and revenue of $2.33 billion.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $103.00 to $90.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 40.43% from the company's current price.

SFM has been the subject of several other reports. UBS Group reissued a "neutral" rating on shares of Sprouts Farmers Market in a research report on Wednesday, September 23rd. Evercore reaffirmed an "outperform" rating and set a $95.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday, September 1st. Roth Capital set a $82.00 price objective on shares of Sprouts Farmers Market in a report on Friday, July 31st. Weiss Ratings reissued a "hold (c)" rating on shares of Sprouts Farmers Market in a report on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Sprouts Farmers Market from $84.00 to $77.00 and set a "hold" rating for the company in a report on Friday, September 25th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of "Hold" and a consensus target price of $90.58.

Sprouts Farmers Market Trading Down 1.3%

Shares of SFM traded down $0.83 during trading on Tuesday, reaching $64.09. 374,927 shares of the company traded hands, compared to its average volume of 2,343,843. Sprouts Farmers Market has a twelve month low of $61.88 and a twelve month high of $114.34. The stock has a market cap of $5.98 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.63 and a beta of 0.67. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $77.24 and a 200-day simple moving average of $79.25.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.02. The company had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.32 billion. Sprouts Farmers Market had a net margin of 5.58% and a return on equity of 34.84%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.35 EPS. Sprouts Farmers Market has set its Q3 2026 guidance at 1.200-1.240 EPS and its FY 2026 guidance at 5.320-5.400 EPS. On average, analysts anticipate that Sprouts Farmers Market will post 5.53 earnings per share for the current year.

Insider Activity

In other news, CEO Jack Sinclair sold 10,788 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $86.80, for a total value of $936,398.40. Following the completion of the sale, the chief executive officer owned 269,980 shares in the company, valued at $23,434,264. This represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph O'Leary sold 2,597 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $82.57, for a total transaction of $214,434.29. Following the completion of the sale, the director owned 14,710 shares in the company, valued at approximately $1,214,604.70. The trade was a 15.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 46,041 shares of company stock valued at $3,460,383. Insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Several institutional investors have recently made changes to their positions in SFM. Versant Capital Management Inc raised its stake in shares of Sprouts Farmers Market by 104.0% in the third quarter. Versant Capital Management Inc now owns 714 shares of the company's stock valued at $47,000 after buying an additional 364 shares during the period. Sarver Vrooman Wealth Advisors bought a new position in Sprouts Farmers Market in the third quarter worth approximately $33,000. QRG Capital Management Inc. raised its position in shares of Sprouts Farmers Market by 13.3% during the second quarter. QRG Capital Management Inc. now owns 2,991 shares of the company's stock valued at $253,000 after buying an additional 350 shares during the last quarter. Core Capital Management & Research inc. bought a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $40,000. Finally, Sequoia Financial Advisors LLC increased its position in shares of Sprouts Farmers Market by 26.7% during the second quarter. Sequoia Financial Advisors LLC now owns 10,111 shares of the company's stock worth $855,000 after acquiring an additional 2,129 shares during the period.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc operates a specialty grocery chain focused on fresh, natural and organic products. Its stores offer fresh produce, meat and seafood, dairy, bakery and deli items, bulk foods, vitamins and supplements, packaged groceries, and a range of plant-based and health-oriented products.

Founded in 2002, Sprouts Farmers Market was developed around a farmers-market-inspired shopping experience, with an emphasis on value, fresh foods and products aligned with healthy lifestyles.

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