Evercore ISI Remains a Buy on Sprouts Farmers (SFM)
In a report released today, Michael Montani from Evercore ISI maintained a Buy rating on Sprouts Farmers, with a price target of $90.00.
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According to TipRanks, Montani is a 3-star analyst with an average return of 1.6% and a 52.63% success rate. Montani covers the Consumer Defensive sector, focusing on stocks such as Sprouts Farmers, Kroger Company, and Dollar General.
In addition to Evercore ISI, Sprouts Farmers also received a Buy from Barclays’s Seth Sigman in a report issued today. However, on the same day, J.P. Morgan maintained a Hold rating on Sprouts Farmers (NASDAQ: SFM).
Based on Sprouts Farmers’ latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $2.33 billion and a net profit of $163.72 million. In comparison, last year the company earned a revenue of $2.24 billion and had a net profit of $180.03 million
Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is neutral on the stock. Last month, Timmi Zalatoris, the CHRO of SFM sold 9,925.00 shares for a total of $833,139.40.
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