Sprouts Farmers Market (NASDAQ:SFM) Reaches New 12-Month High at $66.08

Sprouts Farmers Market, Inc. (NASDAQ:SFM)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $66.08 and last traded at $65.07, with a volume of 394318 shares trading hands. The stock had previously closed at $65.15.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SFM shares. Evercore ISI dropped their price objective on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. The Goldman Sachs Group upped 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. Finally, Bank of America upgraded Sprouts Farmers Market from an “underperform” rating to a “buy” rating and upped their price objective for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.14.

Sprouts Farmers Market Stock Performance

The company has a market cap of $6.63 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 2.38 and a beta of 0.50. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $61.40 and a two-hundred day moving average price of $51.46.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. On average, research analysts predict that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In related news, insider Brandon F. Lombardi sold 22,799 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the sale, the insider now owns 8,328 shares of the company’s stock, valued at $499,513.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Brandon F. Lombardi sold 22,799 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the sale, the insider now owns 8,328 shares of the company’s stock, valued at $499,513.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Nicholas Konat sold 31,846 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $62.13, for a total value of $1,978,591.98. Following the sale, the chief operating officer now directly owns 82,495 shares in the company, valued at approximately $5,125,414.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 160,852 shares of company stock worth $10,032,745. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of large investors have recently added to or reduced their stakes in SFM. Rise Advisors LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at $26,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at $38,000. Ronald Blue Trust Inc. boosted its holdings in shares of Sprouts Farmers Market by 80.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 831 shares of the company’s stock valued at $36,000 after purchasing an additional 370 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at $43,000.

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.