Sprouts Farmers Market (NASDAQ:SFM) Price Target Cut to $60.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo cut Sprouts Farmers Market’s price target from $100 to $60 while maintaining an “overweight” rating, implying about 19.8% upside from the prior close.
• Analyst sentiment has weakened: Bank of America downgraded the stock to “underperform” with a $47 target, while RBC lowered its rating to “sector perform.” The consensus rating is now “hold,” with an average target of $72.75.
• Sprouts reported quarterly revenue of $2.30 billion, up 4.7% year over year, but slightly missed estimates for both revenue and earnings per share. Shares opened at $50.09, near the company’s $47.35 one-year low.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) had its price objective decreased by stock analysts at Wells Fargo & Company from $100.00 to $60.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's target price would suggest a potential upside of 19.78% from the stock's previous close.

SFM has been the topic of a number of other reports. Bank of America downgraded shares of Sprouts Farmers Market from a "buy" rating to an "underperform" rating and set a $47.00 target price on the stock. in a report on Thursday. Roth Capital set a $82.00 price target on shares of Sprouts Farmers Market in a report on Friday, July 31st. The Goldman Sachs Group set a $94.00 price target on shares of Sprouts Farmers Market in a report on Monday, October 19th. Royal Bank Of Canada lowered Sprouts Farmers Market from an "outperform" rating to a "sector perform" rating and set a $49.00 price target for the company. in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Sprouts Farmers Market from $84.00 to $77.00 and set a "hold" rating on the stock in a research note on Friday, September 25th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $72.75.

Sprouts Farmers Market Stock Down 19.2%

NASDAQ SFM opened at $50.09 on Thursday. The stock has a 50 day moving average price of $70.88 and a 200-day moving average price of $76.59. Sprouts Farmers Market has a one year low of $47.35 and a one year high of $94.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99. The company has a market capitalization of $4.67 billion, a P/E ratio of 9.70, a P/E/G ratio of 1.68 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.01). The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.33 billion. Sprouts Farmers Market had a return on equity of 34.84% and a net margin of 5.58%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. As a group, equities analysts predict that Sprouts Farmers Market will post 5.52 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 10,788 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $86.80, for a total value of $936,398.40. Following the sale, the chief executive officer owned 269,980 shares of the company's stock, valued at approximately $23,434,264. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph D. O'leary sold 2,597 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $1,214,604.70. This trade represents a 15.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 46,041 shares of company stock valued at $3,460,383 over the last ninety days. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds have recently added to or reduced their stakes in the company. Vise Technologies Inc. grew its holdings in shares of Sprouts Farmers Market by 17.4% in the third quarter. Vise Technologies Inc. now owns 8,999 shares of the company's stock worth $597,000 after purchasing an additional 1,337 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Sprouts Farmers Market by 15.5% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 38,027 shares of the company's stock valued at $2,523,000 after buying an additional 5,100 shares in the last quarter. Verdence Capital Advisors LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at about $577,000. Access Investment Management LLC boosted its position in Sprouts Farmers Market by 145.8% in the 3rd quarter. Access Investment Management LLC now owns 35,699 shares of the company's stock valued at $2,369,000 after buying an additional 21,175 shares during the period. Finally, Robeco Schweiz AG boosted its position in Sprouts Farmers Market by 49.1% in the 3rd quarter. Robeco Schweiz AG now owns 137,200 shares of the company's stock valued at $9,103,000 after buying an additional 45,200 shares during the period.

Trending Headlines about Sprouts Farmers Market

Here are the key news stories impacting Sprouts Farmers Market this week:

• Positive Sentiment: Third-quarter revenue increased 4.7% year over year to approximately $2.30 billion, and the company continues to benefit from demand for natural and health-focused groceries. Sprouts is also expanding same-day delivery to 500 stores, supporting its digital-sales strategy. Sprouts brings same-day delivery to 500 stores
• Neutral Sentiment: Sprouts Farmers Market reported third-quarter adjusted earnings of $1.21 per share and revenue of $2.30 billion, compared with analyst estimates of $1.22 per share and $2.33 billion, respectively. Revenue still grew year over year, but comparable-sales trends and profitability remain key investor concerns. Sprouts reports third-quarter 2026 results
• Negative Sentiment: Management cut its fiscal 2026 outlook as the effects of a cyclospora-related food-safety issue continued to weigh on customer traffic and sales. The weaker guidance increases concerns about near-term growth and margin recovery. Sprouts cuts fiscal 2026 outlook
• Negative Sentiment: Analyst sentiment deteriorated following the earnings report. Bank of America downgraded SFM from “Buy” to “Underperform” and assigned a $47 price target, implying substantial downside from the current trading level. RBC Capital also downgraded the shares to “Sector Perform,” adding to selling pressure. Bank of America downgrades Sprouts RBC downgrades Sprouts

About Sprouts Farmers Market

Sprouts Farmers Market, Inc NASDAQ: SFM is a specialty grocery retailer focused on fresh, natural and organic foods. Its stores offer a broad selection of fresh produce, meat and seafood, dairy products, bulk foods, vitamins and supplements, pantry staples, bakery items, deli products and prepared foods. The company emphasizes products that support healthy eating, including organic, plant-based and specialty-diet options.

Founded in 2002, Sprouts Farmers Market grew from its first store in Chandler, Arizona, into a national grocery chain.

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