In a report released yesterday, Rupesh Parikh from Oppenheimer maintained a Buy rating on Sprouts Farmers (SFM), with a price target of $26.00. The company’s shares closed last Tuesday at $22.26, close to its 52-week high of $22.67.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 14.3% and a 60.7% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and Church & Dwight.
Sprouts Farmers has an analyst consensus of Moderate Buy, with a price target consensus of $22.30, implying a 2.4% upside from current levels. In a report issued on April 29, Gordon Haskett Capital Corporation also maintained a Buy rating on the stock with a $25.00 price target.
See today’s analyst top recommended stocks >>
Based on Sprouts Farmers’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.36 billion and net profit of $31.63 million. In comparison, last year the company earned revenue of $1.27 billion and had a net profit of $12.7 million.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SFM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sprouts Farmers Markets, Inc. engages in operating healthy grocery stores. It specializes in fresh, natural, and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care, and natural household items. The company was founded by Stan Boney and Shon Alexander Boney on July 11, 2002 and is headquartered in Phoenix, AZ.
Read More on SFM:
