Short Term Price Target on Sprouts Farmers Market (SFM)

Sprouts Farmers Market (NASDAQ:SFM) : The most positive equity analysts on Sprouts Farmers Market (NASDAQ:SFM) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $30 with an expected fluctuation of $4.05 from the mean.

Shares of Sprouts Farmers Market, Inc. appreciated by 3.34% during the last five trading days but lost 9.77% on a 4-week basis. Sprouts Farmers Market, Inc. has dropped 19.51% during the last 3-month period . Year-to-Date the stock performance stands at -13.88%. Also, Equity analysts at the Brokerage firm Goldman Sachs downgrades its rating on Sprouts Farmers Market (NASDAQ:SFM). The rating major has initiated the coverage with sell rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Goldman Sachs lowers the price target from $24 per share to $22 per share. The rating by the firm was issued on May 10, 2016.

Sprouts Farmers Market (NASDAQ:SFM) : Zacks Investment Research ranks Sprouts Farmers Market (NASDAQ:SFM) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 1.97, which indicates as a Buy.

Sprouts Farmers Market (NASDAQ:SFM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.44 and $22.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.90, notching a gain of 1.82% for the day. The total traded volume was 3,249,427 . The stock had closed at $22.49 on the previous day.

Sprouts Farmers Market, Inc. is a food retailer. The Company operates as a grocery store that offers natural and organic food, including produce, bulk foods, vitamins and supplements, grocery, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. As of February 26, 2015, the Company operated 198 stores in 12 states. The Companys product offerings focus on fresh, natural and organic foods. It categorizes its products as perishable and non-perishable. Perishable product categories include produce, meat, seafood, deli and bakery. Non-perishable product categories include grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and natural health and body care.

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