Sprouts Farmers Market (NASDAQ:SFM) Given New $63.00 Price Target at Deutsche Bank Aktiengesellschaft

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) had its price target upped by equities researchers at Deutsche Bank Aktiengesellschaft from $60.00 to $63.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential downside of 15.54% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Oppenheimer reaffirmed a "market perform" rating on shares of Sprouts Farmers Market in a research report on Monday, April 29th. Bank of America raised Sprouts Farmers Market from an "underperform" rating to a "buy" rating and upped their target price for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. Evercore ISI reduced their price objective on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an "in-line" rating for the company in a research note on Tuesday, April 16th. Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an "underweight" rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets raised their price target on Sprouts Farmers Market from $31.00 to $40.00 and gave the company an "underperform" rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of "Hold" and a consensus target price of $56.13.

Sprouts Farmers Market Stock Down 0.1 %

SFM traded down $0.07 during trading on Thursday, reaching $74.59. 868,814 shares of the stock traded hands, compared to its average volume of 1,363,813. The stock's 50-day simple moving average is $64.76 and its two-hundred day simple moving average is $53.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65. Sprouts Farmers Market has a fifty-two week low of $32.12 and a fifty-two week high of $75.95. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 2.64 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The company's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts expect that Sprouts Farmers Market will post 3.1 EPS for the current year.

Insiders Place Their Bets

In other news, insider Brandon F. Lombardi sold 22,799 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the transaction, the insider now directly owns 8,328 shares in the company, valued at $499,513.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Kim Coffin sold 1,322 shares of the company's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.05, for a total value of $99,216.10. Following the completion of the sale, the senior vice president now owns 5,500 shares in the company, valued at approximately $412,775. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Brandon F. Lombardi sold 22,799 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider now directly owns 8,328 shares of the company's stock, valued at $499,513.44. The disclosure for this sale can be found here. Insiders sold a total of 198,348 shares of company stock worth $12,818,196 over the last quarter. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Several institutional investors have recently modified their holdings of SFM. State Board of Administration of Florida Retirement System grew its holdings in shares of Sprouts Farmers Market by 41.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 41,897 shares of the company's stock worth $2,702,000 after buying an additional 12,313 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Sprouts Farmers Market by 8.5% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company's stock valued at $39,748,000 after purchasing an additional 48,225 shares during the last quarter. Entropy Technologies LP lifted its position in shares of Sprouts Farmers Market by 746.4% in the first quarter. Entropy Technologies LP now owns 36,225 shares of the company's stock worth $2,336,000 after purchasing an additional 31,945 shares in the last quarter. Advisors Preferred LLC acquired a new position in Sprouts Farmers Market during the first quarter worth $5,738,000. Finally, ProShare Advisors LLC increased its stake in Sprouts Farmers Market by 4.7% in the 1st quarter. ProShare Advisors LLC now owns 23,273 shares of the company's stock valued at $1,501,000 after buying an additional 1,054 shares during the last quarter.

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.