Roth MKM raised the firm’s price target on Sprouts Farmers Market to $46 from $39 but keeps a Neutral rating on the shares. The company reported another comp-store sales and earnings beat while its gross margin returned to expansion reversing the contraction seen in Q3, the analyst tells investors in a research note. At enterprise value 10-times expected EBITDA however, the valuation on the stock may be too rich, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
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
