In a report issued on August 19, Robert Moskow from Credit Suisse initiated coverage with a Hold rating on Sprouts Farmers (SFM) and a price target of $26.00. The company’s shares closed last Wednesday at $23.96.
According to TipRanks.com, Moskow is a 3-star analyst with an average return of 1.4% and a 50.0% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Mondelez International, and Albertsons Companies.
Sprouts Farmers has an analyst consensus of Hold, with a price target consensus of $28.86, which is a 22.2% upside from current levels. In a report issued on August 25, Oppenheimer also maintained a Hold rating on the stock.
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The company has a one-year high of $28.00 and a one-year low of $13.00. Currently, Sprouts Farmers has an average volume of 2.38M.
Based on the recent corporate insider activity of 26 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.
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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.
