Analysts Set Sprouts Farmers Market, Inc. (NASDAQ:SFM) PT at $178.64

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $178.6429.

Several research firms recently commented on SFM. Barclays upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $173.00 to $185.00 in a research report on Thursday, July 31st. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a report on Thursday, July 31st. Royal Bank Of Canada upped their target price on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, August 1st.

Sprouts Farmers Market Stock Down 1.3%

Sprouts Farmers Market stock opened at $109.88 on Wednesday. Sprouts Farmers Market has a 52 week low of $107.36 and a 52 week high of $182.00. The firm’s 50-day simple moving average is $142.32 and its 200 day simple moving average is $154.15. The firm has a market capitalization of $10.74 billion, a PE ratio of 22.61, a P/E/G ratio of 1.24 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the firm earned $0.94 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. 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, research analysts expect that Sprouts Farmers Market will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market declared that its board has initiated a share buyback plan on Tuesday, August 19th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 7,200 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $138.95, for a total value of $1,000,440.00. Following the transaction, the insider directly owned 16,349 shares in the company, valued at approximately $2,271,693.55. This represents a 30.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jack Sinclair sold 4,045 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total transaction of $560,637.00. Following the completion of the transaction, the chief executive officer owned 174,740 shares in the company, valued at approximately $24,218,964. This trade represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,561 shares of company stock worth $5,828,401 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Sprouts Farmers Market

Several large investors have recently bought and sold shares of SFM. Two Sigma Investments LP grew its position in Sprouts Farmers Market by 21.3% in the fourth quarter. Two Sigma Investments LP now owns 12,890 shares of the company’s stock valued at $1,638,000 after acquiring an additional 2,261 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $63,000. Mackenzie Financial Corp boosted its stake in shares of Sprouts Farmers Market by 48.1% during the 4th quarter. Mackenzie Financial Corp now owns 10,066 shares of the company’s stock valued at $1,279,000 after buying an additional 3,271 shares during the last quarter. Jefferies Financial Group Inc. boosted its stake in shares of Sprouts Farmers Market by 16.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 26,238 shares of the company’s stock valued at $3,334,000 after buying an additional 3,788 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $14,198,000.

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.