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 trading hands. The stock had previously closed at $110.41.

Analyst Ratings Changes

Several equities analysts have recently commented on SFM shares. Bank of America upped their price target on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Roth Mkm upped their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Finally, Evercore ISI upgraded shares of Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $96.00 to $120.00 in a report on Monday, September 16th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $99.80.

Sprouts Farmers Market Stock Down 0.3 %

The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The stock has a market cap of $11.08 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 3.07 and a beta of 0.56. The firm has a fifty day moving average of $99.90 and a 200 day moving average of $83.00.

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 the consensus estimate of $0.78 by $0.16. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Insider Activity

In related news, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 10,895 shares in the company, valued at approximately $1,089,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the sale, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction on 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 completion of the transaction, the insider now owns 10,895 shares in the company, valued at $1,089,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,507 shares of company stock valued at $11,654,176. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth $26,000. Crewe Advisors LLC grew its position in Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in Sprouts Farmers Market in the second quarter valued at about $29,000. Quarry LP increased its holdings in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after buying an additional 442 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Sprouts Farmers Market during the 2nd quarter valued at approximately $63,000.

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.