JPMorgan analyst Ken Goldman raised the firm’s price target on Sprouts Farmers Market to $35 from $33 and keeps a Neutral rating on the shares. The company has reported "three surprisingly strong prints" in a row for the first time since pre-pandemic, propelling the stock up 44% since it bottomed last May, the analyst tells investors in a research note. The firm says CEO Jack Sinclair has stabilized Sprouts’ fundamentals.
Published first on TheFly
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- Sprouts Farmers Market to Present at the UBS Global Consumer & Retail Conference on March 15
- Sprouts Farmers Market downgraded to Hold from Buy at R5 Capital
- Sprouts Farmers Market price target raised to $40 from $38 at Deutsche Bank
- Sprouts Farmers Market sees Q1 adjusted EPS 83c-87c, consensus 81c
- Sprouts Farmers Market sees 2023 adjusted EPS $2.41-$2.53, consensus $2.39
