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Sprouts Farmers Market price target lowered to $92 from $104 at BofA

BofA analyst Robert Ohmes lowered the firm’s price target on Sprouts Farmers Market (SFM) to $92 from $104 and keeps a Buy rating on the shares. The firm now models 2026 EPS of $5.50, down from $5.70 previously, as Sprouts could see pressure from the loyalty program and a more promotional environment to support affordability and traffic growth. However, it sees support for reaccelerating comp trends in the second half as comparisons ease.

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