Sprouts Farmers (SFM) Receives a Hold from J.P. Morgan

J.P. Morgan analyst Kenneth Goldman maintained a Hold rating on Sprouts Farmers (SFMResearch Report) yesterday and set a price target of $31.00. The company’s shares closed last Thursday at $30.83.

According to, Goldman is a 5-star analyst with an average return of 9.5% and a 60.4% success rate. Goldman covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Albertsons Companies, and The Hershey Company.

The word on The Street in general, suggests a Hold analyst consensus rating for Sprouts Farmers with a $29.50 average price target, representing a -1.0% downside. In a report issued on July 26, Credit Suisse also maintained a Hold rating on the stock with a $27.00 price target.

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The company has a one-year high of $35.34 and a one-year low of $21.18. Currently, Sprouts Farmers has an average volume of 1.92M.

Based on the recent corporate insider activity of 45 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.

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