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Sprouts Farmers Market (NASDAQ:SFM) target price raised to $24.00, issued a report today by Jefferies & Co

Sprouts Farmers Market (NASDAQ:SFM) had its target price raised to $24.00 by Jefferies & Co in a report released Friday September 30, 2016. The new target price indicates a possible upside of 0.16% based on the company's last closing price.

Previously on 9/23/2016, Barclays Capital reported on 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 $20.77. The company’s 50-day moving average is $21.42 and its 200-day moving average is $24.38. The last closing 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 & Co reporting its target price, a total of 19 brokers have issued a report on the stock. The consensus target price is $30.42 with six equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, ten firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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