BMO Capital Markets Boosts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $40.00

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) had its target price boosted by BMO Capital Markets from $31.00 to $40.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "underperform" rating on the stock. BMO Capital Markets' price target would suggest a potential downside of 44.44% from the company's current price.

A number of other analysts also recently issued reports on the stock. Oppenheimer reissued a "market perform" rating on shares of Sprouts Farmers Market in a report on Monday. Bank of America upgraded Sprouts Farmers Market from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Finally, Evercore ISI decreased their price target on Sprouts Farmers Market from $62.00 to $61.00 and set an "in-line" rating on the stock 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. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Hold" and an average target price of $53.50.

Sprouts Farmers Market Stock Performance

NASDAQ SFM traded up $7.71 during trading on Thursday, reaching $72.00. 4,308,978 shares of the company's stock were exchanged, compared to its average volume of 1,359,345. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51. The business has a 50 day moving average price of $63.66 and a 200-day moving average price of $52.65. The stock has a market capitalization of $7.29 billion, a P/E ratio of 28.69, a PEG ratio of 2.40 and a beta of 0.50. Sprouts Farmers Market has a fifty-two week low of $32.12 and a fifty-two week high of $74.03.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The company had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter last year, the company posted $0.98 EPS. Sprouts Farmers Market's quarterly revenue was up 8.7% compared to the same quarter last year. Sell-side analysts forecast that Sprouts Farmers Market will post 2.95 earnings per share for the current fiscal year.

Insider Activity

In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 22,799 shares of Sprouts Farmers Market stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $59.98, for a total value of $1,367,484.02. Following the transaction, the insider now owns 8,328 shares in the company, valued at $499,513.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CMO Alisa Gmelich sold 479 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $62.47, for a total transaction of $29,923.13. Following the completion of the transaction, the chief marketing officer now directly owns 2,987 shares in the company, valued at $186,597.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandon F. Lombardi sold 22,799 shares of the firm's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $59.98, for a total value of $1,367,484.02. Following the sale, the insider now directly owns 8,328 shares in the company, valued at approximately $499,513.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 160,852 shares of company stock worth $10,032,745. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors and hedge funds have recently bought and sold shares of the company. VisionPoint Advisory Group LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter worth about $25,000. Rise Advisors LLC bought a new stake in Sprouts Farmers Market during the 1st quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC acquired a new position in Sprouts Farmers Market in the 1st quarter valued at approximately $36,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Sprouts Farmers Market during the fourth quarter valued at $38,000. Finally, GAMMA Investing LLC acquired a new position in shares of Sprouts Farmers Market during the fourth quarter worth $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.