Sprouts Farmers Market (NASDAQ:SFM) Sets New 1-Year High – What’s Next?

Sprouts Farmers Market, Inc. (NASDAQ:SFM)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $149.36 and last traded at $148.26, with a volume of 46132 shares traded. The stock had previously closed at $147.13.

Analysts Set New Price Targets

SFM has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Evercore ISI boosted their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Roth Mkm upped their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $115.40.

Sprouts Farmers Market Stock Up 3.6 %

The company has a 50 day moving average of $123.41 and a 200-day moving average of $100.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company has a market cap of $15.33 billion, a P/E ratio of 44.31, a price-to-earnings-growth ratio of 2.24 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Sprouts Farmers Market’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Dustin Hamilton sold 1,997 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $99.20, for a total value of $198,102.40. Following the transaction, the insider now owns 26,172 shares in the company, valued at approximately $2,596,262.40. This trade represents a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joe Fortunato sold 11,500 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now owns 33,571 shares of the company’s stock, valued at $4,459,571.64. This represents a 25.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,051 shares of company stock worth $5,133,932 in the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at $370,000. B. Riley Wealth Advisors Inc. grew its holdings in Sprouts Farmers Market by 3.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 9,691 shares of the company’s stock worth $625,000 after purchasing an additional 280 shares during the period. Tidal Investments LLC bought a new position in shares of Sprouts Farmers Market during the first quarter valued at approximately $736,000. EMC Capital Management lifted its holdings in shares of Sprouts Farmers Market by 29.6% during the first quarter. EMC Capital Management now owns 19,581 shares of the company’s stock valued at $1,263,000 after purchasing an additional 4,473 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth approximately $118,000.

Sprouts Farmers Market Company Profile

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.