Sprouts Farmers Market (NASDAQ:SFM) Upgraded to Overweight at Barclays

Key Points

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) was upgraded by Barclays from an "equal weight" rating to an "overweight" rating in a research report issued on Thursday, MarketBeat reports. The firm currently has a $185.00 target price on the stock, up from their previous target price of $173.00. Barclays's price objective indicates a potential upside of 20.28% from the stock's previous close.

A number of other equities analysts also recently weighed in on SFM. Royal Bank Of Canada upped their price target on shares of Sprouts Farmers Market from $172.00 to $173.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 15th. Evercore ISI upped their price target on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company upped their price target on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. UBS Group reaffirmed a "neutral" rating and issued a $182.00 price target (down from $196.00) on shares of Sprouts Farmers Market in a research note on Tuesday, July 29th. Finally, Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.53.

Sprouts Farmers Market Stock Down 0.2%

Shares of SFM traded down $0.27 on Thursday, reaching $153.81. The stock had a trading volume of 1,833,329 shares, compared to its average volume of 1,464,830. The firm has a market capitalization of $15.03 billion, a PE ratio of 31.65, a PEG ratio of 1.74 and a beta of 0.78. The firm has a 50-day moving average of $163.54 and a 200 day moving average of $158.67. Sprouts Farmers Market has a twelve month low of $91.36 and a twelve month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.12. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the company posted $0.94 EPS. The business's revenue for the quarter was up 17.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Timmi Zalatoris sold 2,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $164.38, for a total value of $328,760.00. Following the transaction, the insider owned 13,263 shares in the company, valued at approximately $2,180,171.94. This represents a 13.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Terri F. Graham sold 1,278 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $180.00, for a total transaction of $230,040.00. Following the completion of the transaction, the director owned 32,910 shares in the company, valued at approximately $5,923,800. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,743 shares of company stock worth $10,769,633. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Sprouts Farmers Market

Several large investors have recently made changes to their positions in the company. Whipplewood Advisors LLC lifted its stake in Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in shares of Sprouts Farmers Market during the first quarter valued at $30,000. GeoWealth Management LLC raised its stake in shares of Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after acquiring an additional 142 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Sprouts Farmers Market during the first quarter valued at $35,000. Finally, SVB Wealth LLC bought a new position in shares of Sprouts Farmers Market during the first quarter valued at $36,000.

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.