Evercore ISI Cuts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $185.00

Sprouts Farmers Market (NASDAQ:SFM) had its price target lowered by Evercore ISI from $190.00 to $185.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other brokerages have also commented on SFM. Wall Street Zen upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Royal Bank Of Canada set a $148.00 price objective on shares of Sprouts Farmers Market and gave the stock an “outperform” rating in a report on Monday. Barclays upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $173.00 to $185.00 in a report on Thursday, July 31st. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Sprouts Farmers Market in a report on Wednesday, August 20th. They set a “neutral” rating and a $159.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Moderate Buy” and a consensus price target of $176.29.

Sprouts Farmers Market Stock Performance

SFM opened at $111.55 on Tuesday. The firm’s fifty day moving average is $128.14 and its two-hundred day moving average is $150.39. The firm has a market cap of $10.90 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 1.29 and a beta of 0.77. Sprouts Farmers Market has a twelve month low of $98.75 and a twelve month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted 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 company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. 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 business posted $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. Equities analysts forecast that Sprouts Farmers Market will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market declared that its board has authorized a share repurchase plan on Tuesday, August 19th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Joe Fortunato sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total value of $1,475,700.00. Following the completion of the transaction, the director owned 18,164 shares of the company’s stock, valued at approximately $2,680,461.48. This trade represents a 35.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph D. O’leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total transaction of $440,755.59. Following the completion of the transaction, the director directly owned 14,994 shares of the company’s stock, valued at approximately $2,250,149.58. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,429 shares of company stock valued at $5,351,362 in the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sowell Financial Services LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $270,000. AMF Tjanstepension AB bought a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at about $1,580,000. Silver Oak Securities Incorporated bought a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at about $727,000. Maverick Capital Ltd. bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $8,341,000. Finally, Andrew Hill Investment Advisors Inc. bought a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at about $3,128,000.

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.