Sprouts Farmers Market (NASDAQ:SFM) Reaches New 1-Year High at $77.19

Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Free Report)’s stock price hit a new 52-week high on Monday . The stock traded as high as $77.19 and last traded at $77.19, with a volume of 397 shares. The stock had previously closed at $75.73.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SFM shares. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. BMO Capital Markets lifted their target price on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday. Bank of America raised Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. Finally, The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $56.13.

Read Our Latest Stock Report on Sprouts Farmers Market

Sprouts Farmers Market Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65. The company has a market capitalization of $7.66 billion, a PE ratio of 26.11, a P/E/G ratio of 2.69 and a beta of 0.50. The stock has a 50-day simple moving average of $65.25 and a 200 day simple moving average of $54.14.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.12 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 479 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $62.47, for a total value of $29,923.13. Following the completion of the transaction, the chief marketing officer now directly owns 2,987 shares in the company, valued at approximately $186,597.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CMO Alisa Gmelich sold 479 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $62.47, for a total transaction of $29,923.13. Following the completion of the transaction, the chief marketing officer now owns 2,987 shares of the company’s stock, valued at approximately $186,597.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David Mcglinchey sold 12,219 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $74.01, for a total transaction of $904,328.19. Following the transaction, the insider now owns 25,007 shares in the company, valued at $1,850,768.07. The disclosure for this sale can be found here. Insiders sold a total of 210,567 shares of company stock worth $13,722,524 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of large investors have recently modified their holdings of the company. VisionPoint Advisory Group LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter worth $25,000. Rise Advisors LLC acquired a new stake in shares of Sprouts Farmers Market in the first quarter valued at about $26,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at about $36,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC acquired a new position in Sprouts Farmers Market during the 4th quarter worth approximately $43,000.

Sprouts Farmers Market Company Profile

(Get Free Report)

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.

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