Sprouts Farmers Market price target raised to $200 from $190 at BofA

BofA raised the firm’s price target on Sprouts Farmers Market (SFM) to $200 from $190 and keeps a Buy rating on the shares. Q1 EPS of $1.81 was ahead of the Street at $1.55 and comps grew 11.7% versus the Street at 11.2%, the analyst tells investors. Based on the firm’s outlook for 13% net sales growth, the firm raised its FY25 EPS view 40c to $5.05, in line with updated guidance of $4.94-$5.10.