Sprouts Farmers Market (NASDAQ:SFM) Hits New 1-Year High at $107.13

Sprouts Farmers Market, Inc. (NASDAQ:SFM)’s share price reached a new 52-week high on Monday . The stock traded as high as $107.13 and last traded at $107.13, with a volume of 133092 shares trading hands. The stock had previously closed at $102.10.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SFM. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Bank of America upped their price objective on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, UBS Group boosted their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus price target of $99.22.

Sprouts Farmers Market Stock Performance

The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $93.85 and a two-hundred day moving average price of $79.22. The company has a market cap of $10.67 billion, a price-to-earnings ratio of 35.60, a P/E/G ratio of 2.89 and a beta of 0.56.

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

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 1,997 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $99.20, for a total value of $198,102.40. Following the completion of the transaction, the insider now directly owns 26,172 shares in the company, valued at $2,596,262.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the transaction, the insider now directly owns 10,895 shares in the company, valued at approximately $1,089,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dustin Hamilton sold 1,997 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $99.20, for a total transaction of $198,102.40. Following the completion of the sale, the insider now owns 26,172 shares of the company’s stock, valued at $2,596,262.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,939 shares of company stock valued at $12,571,295. 1.10% of the stock is owned by insiders.

Institutional Trading of Sprouts Farmers Market

A number of hedge funds have recently made changes to their positions in SFM. Dorsey Wright & Associates bought a new position in Sprouts Farmers Market during the fourth quarter worth $1,378,000. Cetera Advisors LLC acquired a new stake in Sprouts Farmers Market during the first quarter worth approximately $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Sprouts Farmers Market by 8.5% during 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. raised its holdings in Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after acquiring an additional 1,237,610 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Sprouts Farmers Market by 78.8% during the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock valued at $1,684,000 after acquiring an additional 11,508 shares during the period.

About Sprouts Farmers Market

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.