Sprouts Farmers Market Stock Rises After Bullish Upgrade | Global News Avenue

Shares in the bean sprout farmers market rose on Monday as Wall Street’s prospects for grocer stocks were a little green.

bud”(SFM) Stocks have recently risen by more than 3% to more than $140, and will lead the stock about 11% this year, but reaching a 2025 high of nearly $180 from a distance. The latest Catalyst: an upgrade from Deutsche Bank analyst, who raised its rating to “Buy” of “Hold” and set a price target of $190 for the stock, which is about 40% higher than Friday’s closing price and 9% higher than the visible Alpha’s $175 consensus.

“We are fans of the story and management team, but are waiting for a better entry point,” the analyst wrote. “We think we are there now.”

Deutsche Bank is based on part of an optimistic case of same-store sales growth, partly due to product classification, trends toward healthier diets, and loyalty programs at work. Analysts wrote that the stock “guaranteed advanced valuation” is more similar to warehouse clubs such as Costco (cost) than other grocers.

The company was forwarded in February on 2024 results, which included a 13% sales increase and comparable sales growth of nearly 8%. It noted that investors’ full-year net and comparable sales growth was 11.5% and 5.5%, respectively.

Visible Alpha tracks the “buy” ratings on bean sprouts of four analysts, five with “holds.”