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What Analysts Think of Sprouts Farmers Market

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Feb. 28 2018, Updated 7:31 a.m. ET

Analysts’ recent actions on SFM

There were no recommendation changes from Wall Street analysts on Sprouts Farmers Market (SFM) after its 4Q17 results.

The company, which is covered by a total of 23 analysts, is rated a 2.1 on a scale of 1 (strong buy) to 5 (sell). It has a better rating than most food retailers such as Kroger (KR) at 2.4, Walmart (WMT) at 2.3, and SuperValu (SVU) at 2.8.

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Recommendation summary

A total of 61% of the analysts covering SFM have set “buy” recommendations on the stock. Gordon Haskett and Northcoast Research recently upgraded SFM’s rating to a “buy.”

A total of 35% of analysts, including Stephens and Jefferies, have suggested “holds” on the stock, while the remaining 4% of analysts have recommended “sells.”

The company has received the highest number of “buy” ratings among its grocery peers. In comparison, 40%, 18%, and 44% of analysts have recommended “buys” on Kroger, SuperValu, and Walmart, respectively.

Target price

According to the latest data compiled by Thomson Reuters, Wall Street has given SFM a price target of $29.40, reflecting a potential upside of 17%. The company has a better upside compared to Kroger and Walmart, whose stock prices are predicted to jump 6% and 13%, respectively.

SuperValu, however, leads the pack in terms of upside potential. Its stock price is forecast to rise a whopping 97% over the next year.

Those looking to invest in SFM through ETFs can choose to invest in the PowerShares Dynamic Food & Beverage ETF (PBJ). SFM has a weight of ~3.2% in PBJ.

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