BMO Capital raised the firm’s price target on Sprouts Farmers Market to $31 from $26 but keeps an Underperform rating on the shares. The company’s Q4 saw a broad beat on better comps and gross margin expansion, though the firm remains cautious on Sprouts Farmers Market’s strategy as nearer-term the comp outlook suggest further gross margin expansion is needed to offset SG&A deleverage, the analyst tells investors in a research note.
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>>
See the top stocks recommended by analysts >>
Read More on SFM:
- Sprouts Farmers Shares Investor Presentation Updates
- SFM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Sprouts Farmers Market price target raised to $49 from $43 at Deutsche Bank
- Sprouts Farmers Market price target raised to $45 from $33 at Wells Fargo
- Sprouts Farmers Market upgraded to In Line from Underperform at Evercore ISI