Goldman Sachs Lowers Sprouts Farmers Market Target to $130 as Q4 EPS Seen Up 12.7%
Goldman Sachs cut Sprouts Farmers Market’s price target to $130 from $152 while retaining a Buy rating, citing its organic grocery positioning, new loyalty program and strong balance sheet to fuel H2 growth. Street estimates anticipate Q4 EPS of $0.89 and revenue of $2.16 billion, up 12.7% and 8.2% respectively.
1. Analyst Price Target Reduction
Goldman Sachs reduced its price target on Sprouts Farmers Market to $130 from $152 and maintained a Buy rating. The firm highlighted Sprouts’ differentiated position in organic groceries, launch of a new loyalty program and solid balance sheet as catalysts for reaccelerated top-line growth in the second half of the fiscal year.
2. Upcoming Q4 Expectations
Sprouts is set to release its Q4 results on February 19, with consensus forecasts calling for EPS of $0.89, a 12.7% year-over-year increase, and revenue of $2.16 billion, up 8.2% from the prior-year period. Investors will watch these numbers to assess whether recent strategic initiatives and organic growth trends are translating into stronger financial performance.