BofA analyst Robert Ohmes raised the firm’s price target on Sprouts Farmers Market to $115 from $100 and keeps a Buy rating on the shares after having hosted investor meetings in New York City with the company’s CEO, CFO and COO and coming away with the view that the company’s above industry gross margin appears sustainable. The firm is applying a higher multiple to its unchanged 2025 EPS forecast given its outlook for accelerating same-store sales momentum, a higher expected maintained gross margin rate and potential for further upward estimate revisions.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SFM:
- Sprouts Farmers Market director Anderson sells 20,851 common shares
- Sprouts Farmers Market price target raised to $96 from $67 at Jefferies
- Affirm, Sprouts Farmers upgraded: Wall Street’s top analyst calls
- Sprouts Farmers Market price target raised to $96 from $84 at Evercore ISI
- Sprouts Farmers Market price target raised to $89 from $76 at Deutsche Bank