4 hours Ago By ABMN Staff
Sprouts Farmers Market ( NASDAQ:SFM – Free Report ) had its price target lifted by Wells Fargo & Company from $130.00 to $140.00 in a report issued on Thursday, Benzinga reports.
They currently have an equal weight rating on the stock. A number of other equities research analysts also recently weighed in on SFM. Evercore ISI upped their target price on Sprouts Farmers Market from $155.
00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.
com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Bank of America upped their price target on shares of Sprouts Farmers Market from $115.00 to $135.
00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $127.00 to $159.
00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets increased their target price on shares of Sprouts Farmers Market from $102.00 to $140.
00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $119.
40. View Our Latest Stock Analysis on SFM Sprouts Farmers Market Price Performance Sprouts Farmers Market ( NASDAQ:SFM – Get Free Report ) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.
91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14.
Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%.
The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion.
During the same period in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 13.
6% compared to the same quarter last year. Equities analysts expect that Sprouts Farmers Market will post 3.68 EPS for the current year.
Insider Buying and Selling In other news, insider Joseph L. Hurley sold 4,956 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.
66, for a total value of $657,462.96. Following the completion of the sale, the insider now directly owns 11,184 shares of the company’s stock, valued at $1,483,669.
44. This represents a 30.71 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, Director Joseph D. O’leary sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd.
The stock was sold at an average price of $150.11, for a total transaction of $52,538.50.
Following the sale, the director now owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. This represents a 1.
91 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last 90 days, insiders sold 61,869 shares of company stock valued at $8,778,152.
Company insiders own 1.10% of the company’s stock. Institutional Trading of Sprouts Farmers Market Hedge funds and other institutional investors have recently modified their holdings of the company.
Congress Asset Management Co. raised its position in Sprouts Farmers Market by 94.9% during the fourth quarter.
Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock valued at $165,034,000 after acquiring an additional 632,523 shares in the last quarter. Assenagon Asset Management S.
A. increased its stake in shares of Sprouts Farmers Market by 2,577.7% during the 3rd quarter.
Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock worth $49,980,000 after purchasing an additional 435,767 shares during the last quarter.
Fiera Capital Corp bought a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at $31,712,000. Millennium Management LLC boosted its holdings in Sprouts Farmers Market by 314.8% in the second quarter.
Millennium Management LLC now owns 223,848 shares of the company’s stock worth $18,727,000 after purchasing an additional 169,888 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in Sprouts Farmers Market during the third quarter worth $18,259,000. Sprouts Farmers Market Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter .
.
