Sprouts Farmers Market (NASDAQ:SFM) Hits New 1-Year High – What’s Next?

Sprouts Farmers Market, Inc. (NASDAQ:SFM) reached a new 52-week high on Tuesday . The stock traded as high as $180.17 and last traded at $175.11, with a volume of 11218 shares. The stock had previously closed at $177.12.

Analyst Ratings Changes

Several brokerages have issued reports on SFM. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Bank of America lifted their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. BMO Capital Markets raised their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Evercore ISI boosted their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and a consensus price target of $124.40.

Sprouts Farmers Market Stock Performance

The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market cap of $17.15 billion, a P/E ratio of 49.57, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. The firm’s 50-day moving average is $147.25 and its two-hundred day moving average is $128.66.

Insider Activity

In other news, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. This represents a 1.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the transaction, the director now directly owns 10,874 shares in the company, valued at $1,619,029.86. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,614 shares of company stock worth $6,323,731. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Sprouts Farmers Market

Large investors have recently modified their holdings of the company. Accent Capital Management LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the fourth quarter worth approximately $31,000. Avior Wealth Management LLC boosted its position in shares of Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the period. GeoWealth Management LLC boosted its position in shares of Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after acquiring an additional 142 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 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.