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Jefferies issued a report on Sprouts Farmers Market (NASDAQ:SFM), bumping up its stock price target to $24.00 today

Sprouts Farmers Market (NASDAQ:SFM) had its stock price target increased to $24.00 by Jefferies in a report released 9/30/2016. The new stock price target indicates a possible upside of 0.20% from the company's last stock close price.

Previously on 09/23/2016, Barclays Capital reported about Sprouts Farmers Market (NASDAQ:SFM) raised the target price from $0.00 to $24.00. At the time, this indicated a possible upside of 0.17%.

Yesterday Sprouts Farmers Market (NASDAQ:SFM) traded 3.80% higher at $19.99. The company’s 50-day moving average is $21.42 and its 200-day moving average is $24.38. The last stock close price is down -14.88% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 468,270 shares of the stock were exchanged, down from an average trading volume of 2,793,950

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Sprouts Farmers Market (NASDAQ:SFM)

Sprouts Farmers Market has a 52 week low of $18.70 and a 52 week high of $30.00 with a P/E ratio of 22.12 The company’s market cap is currently $0.

In addition to Jefferies reporting its target price, a total of 19 firms have reported on the stock. The consensus target price is $30.42 with 6 firms rating the stock a strong buy, 8 firms rating the stock a buy, 10 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

More About Sprouts Farmers Market (NASDAQ:SFM)

Sprouts Farmers Market, Inc. is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery. Its non-perishable product category includes grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and body care and natural household items. Its bakery offering includes sandwich breads, rolls, tortillas, pitas, muffins, cookies and pies. It offers facial care products and make up, skin, hair, dental, baby care and grooming products. It offers a selection of craft beers, microbrews and beers, as well as a range of domestic and international wines. It also carries various sausages made in-store, as well as a selection of entrees, including gourmet burgers, pork chops and roasts.

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