Sprouts Farmers Market (NASDAQ:SFM) Price Target Lowered to $160.00 at Bank of America

Key Points

• Bank of America has lowered its price target for Sprouts Farmers Market (SFM) from $200.00 to $160.00, while maintaining a "buy" rating on the stock, indicating a potential upside of 48.01% from its previous close.
• Several other analysts have also revised their target prices for SFM, with the average consensus target now at $168.29, showing a general optimism among analysts with ten rating it a buy.
• Sprouts Farmers Market reported strong earnings, exceeding expectations with $1.35 EPS and revenue of $2.22 billion, reflecting a 17.3% increase compared to the same quarter last year.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) had its price objective reduced by research analysts at Bank of America from $200.00 to $160.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's price objective indicates a potential upside of 48.01% from the company's previous close.

Several other research analysts also recently weighed in on SFM. Evercore ISI reduced their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday. Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Friday, August 1st. UBS Group set a $180.00 target price on Sprouts Farmers Market in a research note on Thursday, July 31st. Finally, Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $168.29.

Sprouts Farmers Market Stock Performance

SFM stock opened at $108.10 on Thursday. The firm has a market cap of $10.56 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.24 and a beta of 0.77. The firm has a fifty day moving average price of $125.11 and a 200 day moving average price of $149.21. Sprouts Farmers Market has a fifty-two week low of $98.75 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.12. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The business's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. On average, equities analysts predict that Sprouts Farmers Market will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Joseph D. O'leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total value of $440,755.59. Following the transaction, the director directly owned 14,994 shares in the company, valued at approximately $2,250,149.58. This trade represents a 16.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $137.06, for a total value of $588,261.52. Following the completion of the transaction, the chief technology officer owned 9,167 shares in the company, valued at $1,256,429.02. This trade represents a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,429 shares of company stock worth $5,351,362. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Sprouts Farmers Market

A number of institutional investors have recently modified their holdings of the business. Spirepoint Private Client LLC purchased a new stake in shares of Sprouts Farmers Market in the third quarter valued at approximately $4,310,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Sprouts Farmers Market by 63.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 404,688 shares of the company's stock valued at $44,030,000 after buying an additional 157,123 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Sprouts Farmers Market by 15.9% in the third quarter. Global Retirement Partners LLC now owns 963 shares of the company's stock valued at $105,000 after buying an additional 132 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. raised its holdings in Sprouts Farmers Market by 200.2% during the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 2,825 shares of the company's stock worth $307,000 after purchasing an additional 1,884 shares during the last quarter. Finally, Unique Wealth LLC acquired a new position in Sprouts Farmers Market during the third quarter worth $224,000.

About Sprouts Farmers Market

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.

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