Sprouts Farmers Market (NASDAQ:SFM) Price Target Cut to $182.00 by Analysts at UBS Group

Key Points

• UBS Group has reduced the price target for Sprouts Farmers Market from $196.00 to $182.00, maintaining a "neutral" rating.
• The stock currently has a consensus rating of "Hold" with an average price target of $167.27 based on multiple analysts' assessments.
• In recent trading, Sprouts Farmers Market saw a slight decline of 0.3%, closing at $159.06 with a market capitalization of $15.57 billion.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) had its target price reduced by research analysts at UBS Group from $196.00 to $182.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price would indicate a potential upside of 15.15% from the company's previous close.

Other equities analysts also recently issued reports about the stock. Barclays assumed coverage on shares of Sprouts Farmers Market in a research note on Monday, July 21st. They issued an "equal weight" rating and a $173.00 target price on the stock. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Evercore ISI upped their target price 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. Royal Bank Of Canada restated a "sector perform" rating and issued a $173.00 target price (up from $172.00) on shares of Sprouts Farmers Market in a research note on Tuesday, July 15th. Finally, Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $167.27.

Sprouts Farmers Market Price Performance

NASDAQ:SFM traded up $1.12 during trading hours on Tuesday, reaching $158.06. The stock had a trading volume of 2,043,860 shares, compared to its average volume of 1,186,601. The company has a 50 day moving average price of $164.25 and a two-hundred day moving average price of $158.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. The stock has a market capitalization of $15.47 billion, a PE ratio of 35.52, a PEG ratio of 1.96 and a beta of 0.77. Sprouts Farmers Market has a 52 week low of $91.36 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. Sprouts Farmers Market's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS. As a group, sell-side analysts anticipate that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other news, Director Douglas Gregory Rauch sold 1,000 shares of Sprouts Farmers Market stock in a transaction on Friday, May 16th. The shares were sold at an average price of $167.16, for a total transaction of $167,160.00. Following the completion of the sale, the director directly owned 8,598 shares in the company, valued at approximately $1,437,241.68. The trade was a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $162.94, for a total value of $659,092.30. Following the completion of the transaction, the chief executive officer owned 174,740 shares of the company's stock, valued at $28,472,135.60. This trade represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,035 shares of company stock valued at $12,213,719 over the last three months. Company insiders own 1.10% of the company's stock.

Institutional Trading of Sprouts Farmers Market

Large investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after purchasing an additional 92 shares during the last quarter. Dogwood Wealth Management LLC purchased a new position in shares of Sprouts Farmers Market during the first quarter worth $30,000. GeoWealth Management LLC raised its holdings 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 worth $34,000 after purchasing an additional 142 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Sprouts Farmers Market during the first quarter worth $35,000. Finally, SVB Wealth LLC purchased a new position in Sprouts Farmers Market in the first quarter valued at $36,000.

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.