The stock of Sprouts Farmers Market Inc. (NASDAQ:SFM) last traded at $39.25, up 0.85% from the previous session.
Data from the available sources indicates that Sprouts Farmers Market Inc. (NASDAQ:SFM) is covered by 16 analysts. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $26.00, we find $35.50. Given the previous closing price of $38.92, this indicates a potential downside of -8.79 percent. SFM stock price is now 8.51% away from the 50-day moving average and 17.24% away from the 200-day moving average. The market capitalization of the company currently stands at $4.08B.
In total, 10 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $35.33 as their price target over the next twelve months.
With the price target reduced from $45 to $42, Deutsche Bank Downgraded its rating from Buy to Hold for Sprouts Farmers Market Inc. (NASDAQ: SFM).
In other news, Coffin Kim, SVP, Chief Forager sold 61,788 shares of the company’s stock on May 10. The stock was sold for $2,252,753 at an average price of $36.46. Upon completion of the transaction, the SVP, Chief Forager now directly owns 8,165 shares in the company, valued at $0.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 05, Chief Financial Officer Molloy Lawrence sold 52,447 shares of the business’s stock. A total of $1,924,548 was realized by selling the stock at an average price of $36.70. This leaves the insider owning 188,444 shares of the company worth $7.4 million. Insiders disposed of 532,481 shares of company stock worth roughly $20.9 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SFM stock. A new stake in Sprouts Farmers Market Inc. shares was purchased by BOSTON TRUST WALDEN CORP during the first quarter worth $37,474,000. T. ROWE PRICE INVESTMENT MANAGEMENT, INC. invested $13,104,000 in shares of SFM during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Sprouts Farmers Market Inc. valued at approximately $9,331,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in SFM for approximately $5,454,000. MAVERICK CAPITAL LTD purchased a new stake in SFM valued at around $5,128,000 in the second quarter. In total, there are 569 active investors with 110.98% ownership of the company’s stock.
With an opening price of $38.76 on Monday morning, Sprouts Farmers Market Inc. (NASDAQ: SFM) set off the trading day. During the past 12 months, Sprouts Farmers Market Inc. has had a low of $26.34 and a high of $40.39. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 1.30, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $5.37B, which is based on a 16.90 price-to-earnings ratio, a 2.47 price-to-earnings-growth ratio, and a beta of 0.43. The fifty day moving average price for SFM is $36.23 and a two-hundred day moving average price translates $33.53 for the stock.
The latest earnings results from Sprouts Farmers Market Inc. (NASDAQ: SFM) was released for Apr, 2023. According to the Grocery Stores Company, earnings per share came in at $0.98, beating analysts’ expectations of $0.85 by 0.13. This compares to $0.79 EPS in the same period last year. The net profit margin was 3.80% and return on equity was 24.00% for SFM. The company reported revenue of $1.73 billion for the quarter, compared to $1.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.61 percent. For the current quarter, analysts expect SFM to generate $1.69B in revenue.
Sprouts Farmers Market Inc.(SFM) Company Profile
Sprouts Farmers Market, Inc., together with its subsidiaries, retails fresh, natural, and organic food products in the United States. It provides perishable product categories, including fresh produce, meat, 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. The company was founded in 1943 and is headquartered in Phoenix, Arizona.
