Roth Capital analyst Bill Kirk raised the firm’s price target on Sprouts Farmers Market (SFM) to $155 from $146 and keeps a Neutral rating on the shares. The company posted one of the best quarters of any Food Retailers, with Q1 comp store sales accelerating off already strong levels in the face of a negative Easter shift and EBITDA profitability having reached a company and nearly sector all-time high, the analyst tells investors in a research note. Margin expansion and comp store sales are expected to slow, but Sprouts has continuously defied that expectation, Roth adds.
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