Sprouts Farmers Market (NASDAQ:SFM) Hits New 52-Week High at $111.61

Sprouts Farmers Market, Inc. (NASDAQ:SFM)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $111.61 and last traded at $110.21, with a volume of 151117 shares traded. The stock had previously closed at $110.41.

Analyst Ratings Changes

A number of brokerages have recently commented on SFM. 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 note on Monday, July 29th. UBS Group lifted their price target on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Roth Mkm boosted their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price objective for the company. Finally, BMO Capital Markets upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $40.00 to $102.00 in a research report on Tuesday, July 30th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $99.80.

Sprouts Farmers Market Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 38.38, a P/E/G ratio of 3.09 and a beta of 0.56. The stock’s 50-day moving average price is $99.36 and its 200-day moving average price is $82.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm posted $0.71 EPS. The company’s revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the completion of the transaction, the chief executive officer now owns 233,860 shares of the company’s stock, valued at $22,338,307.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total value of $5,680,000.00. Following the transaction, the insider now owns 10,895 shares in the company, valued at approximately $1,089,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the sale, the chief executive officer now directly owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. The disclosure for this sale can be found here. Insiders have sold a total of 117,507 shares of company stock valued at $11,654,176 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SFM. Cetera Advisors LLC bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Sprouts Farmers Market by 8.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock worth $39,748,000 after acquiring an additional 48,225 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Sprouts Farmers Market by 411.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after purchasing an additional 1,237,610 shares in the last quarter. Inspire Investing LLC increased its position in shares of Sprouts Farmers Market by 78.8% during the first quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock valued at $1,684,000 after purchasing an additional 11,508 shares during the period. Finally, Ritholtz Wealth Management raised its stake in shares of Sprouts Farmers Market by 59.8% in the second quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock valued at $1,405,000 after purchasing an additional 6,286 shares in 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.