The Goldman Sachs Group Cuts Sprouts Farmers Market (NASDAQ:SFM) Price Target to $178.00

Sprouts Farmers Market (NASDAQ:SFM) had its target price trimmed by The Goldman Sachs Group from $209.00 to $178.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on SFM. JPMorgan Chase & Co. assumed coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $159.00 price target for the company. Evercore ISI decreased their price target on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday. Royal Bank Of Canada set a $148.00 price target on shares of Sprouts Farmers Market and gave the stock an “outperform” rating in a research note on Monday, October 13th. Jefferies Financial Group raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Friday, August 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Sprouts Farmers Market in a research note on Tuesday, October 14th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.79.

Sprouts Farmers Market Trading Down 1.9%

Shares of NASDAQ:SFM opened at $106.25 on Wednesday. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 1.22 and a beta of 0.77. The company has a 50-day moving average price of $123.62 and a 200-day moving average price of $148.67. Sprouts Farmers Market has a 12 month low of $98.75 and a 12 month high of $182.00.

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

Sprouts Farmers Market announced that its Board of Directors has authorized a share buyback program on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Sprouts Farmers Market news, Director Joe Fortunato sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the director owned 18,164 shares in the company, valued at approximately $2,680,461.48. This represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Sinclair sold 4,045 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $103.00, for a total transaction of $416,635.00. Following the completion of the sale, the chief executive officer owned 174,740 shares in the company, valued at approximately $17,998,220. This trade represents a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,429 shares of company stock valued at $5,351,362. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. grew its holdings in shares of Sprouts Farmers Market by 159.6% during the third quarter. Meeder Asset Management Inc. now owns 15,439 shares of the company’s stock valued at $1,680,000 after buying an additional 9,491 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of Sprouts Farmers Market during the third quarter valued at approximately $608,000. State of Alaska Department of Revenue grew its holdings in shares of Sprouts Farmers Market by 115.4% during the third quarter. State of Alaska Department of Revenue now owns 36,486 shares of the company’s stock valued at $3,968,000 after buying an additional 19,549 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 470.4% during the third quarter. Nisa Investment Advisors LLC now owns 18,863 shares of the company’s stock valued at $2,052,000 after buying an additional 15,556 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Sprouts Farmers Market during the third quarter valued at approximately $2,864,000.

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.