Analyst Price Target Update on Sprouts Farmers Market (NASDAQ:SFM)

Sprouts Farmers Market (NASDAQ:SFM): The mean short term price target for Sprouts Farmers Market (NASDAQ:SFM) has been established at $30 per share. The higher price target estimate is at $36 and the lower price target estimate is expected at $24 according to 12 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $4.05

Many analysts have stated their opinion on the company shares. Major Brokerage house, Goldman Sachs downgrades its ratings on Sprouts Farmers Market (NASDAQ:SFM). In the latest research report, Goldman Sachs lowers the target price from $24 per share to $22 per share. According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 10, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Sprouts Farmers Market, Inc., Lukow Bradley, had purchased 10,000 shares in a transaction dated on May 26, 2016. The transaction was executed at $25.15 per share with total amount equaling $251,500.

Sprouts Farmers Market (NASDAQ:SFM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.45 points or 1.92% at $22.98 with 1,968,355 shares getting traded. Post opening the session at $23.28, the shares hit an intraday low of $22.95 and an intraday high of $23.37 and the price was in this range throughout the day. The company has a market cap of $3,464 million and the number of outstanding shares have been calculated to be 150,742,590 shares. The 52-week high of Sprouts Farmers Market (NASDAQ:SFM) is $30 and the 52-week low is $16.41.

Sprouts Farmers Market, Inc. is a food retailer. The Company operates as a grocery store that offers natural and organic food, including produce, bulk foods, vitamins and supplements, grocery, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. As of February 26, 2015, the Company operated 198 stores in 12 states. The Companys product offerings focus on fresh, natural and organic foods. It categorizes its products as perishable and non-perishable. Perishable product categories include produce, meat, seafood, deli and bakery. Non-perishable product categories include grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and natural health and body care.

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