Sprouts Farmers Market (NASDAQ:SFM) Hits New 12-Month High – What’s Next?

Sprouts Farmers Market, Inc. (NASDAQ:SFM)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $135.83 and last traded at $135.80, with a volume of 248671 shares. The stock had previously closed at $131.79.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday. Bank of America increased their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. BMO Capital Markets increased their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada started coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Price Performance

The stock has a 50-day simple moving average of $110.82 and a 200 day simple moving average of $92.23. The stock has a market capitalization of $13.50 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

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

Insider Activity

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the sale, the insider now directly owns 27,188 shares of the company’s stock, valued at $2,651,373.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Sprouts Farmers Market news, Director Hari K. Avula sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $96.50, for a total transaction of $241,250.00. Following the completion of the sale, the director now owns 10,554 shares of the company’s stock, valued at $1,018,461. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the transaction, the insider now owns 27,188 shares in the company, valued at approximately $2,651,373.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,829 shares of company stock worth $5,206,068 in the last three months. 1.10% of the stock is owned by insiders.

Institutional Trading of Sprouts Farmers Market

Several large investors have recently modified their holdings of the company. UMB Bank n.a. grew its holdings in Sprouts Farmers Market by 26.3% in the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $67,000 after buying an additional 126 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Sprouts Farmers Market by 0.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after acquiring an additional 148 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Sprouts Farmers Market by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock worth $402,000 after acquiring an additional 158 shares during the last quarter. Hanseatic Management Services Inc. increased its position in Sprouts Farmers Market by 23.3% during the third quarter. Hanseatic Management Services Inc. now owns 931 shares of the company’s stock worth $103,000 after acquiring an additional 176 shares during the period. Finally, Ironwood Investment Counsel LLC raised its stake in Sprouts Farmers Market by 3.8% during the 1st quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock valued at $340,000 after purchasing an additional 195 shares during the last quarter.

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.