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Sprouts Farmers Market price target raised to $146 from $105 at Roth MKM

Sprouts Farmers Market price target raised to $146 from $105 at Roth MKM

Roth MKM raised the firm’s price target on Sprouts Farmers Market (SFM) to $146 from $105 but keeps a Neutral rating on the shares. The company’s results continue to impress, but they are pushing against peak performance, and while Q4 comparable store sales beat, October led the period, the analyst tells investors in a research note. With e-commerce contribution laps becoming more difficult, upside to guidance is likely smaller than recent impressive results, the firm adds.

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