Sprouts Farmers Market (NASDAQ:SFM) Reaches New 12-Month High at $66.08

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $66.08 and last traded at $65.07, with a volume of 394318 shares traded. The stock had previously closed at $65.15.

Analyst Ratings Changes

Several brokerages recently issued reports on SFM. Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and raised their target price for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. Evercore ISI dropped their target price on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Finally, The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and an average price target of $51.14.

Sprouts Farmers Market Stock Up 0.1 %

The company’s 50 day moving average price is $61.40 and its two-hundred day moving average price is $51.46. The firm has a market cap of $6.63 billion, a PE ratio of 26.09, a PEG ratio of 2.38 and a beta of 0.50. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post 2.95 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, insider Brandon F. Lombardi sold 22,799 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the sale, the insider now directly owns 8,328 shares in the company, valued at approximately $499,513.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Stacy W. Hilgendorf sold 417 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $62.47, for a total transaction of $26,049.99. Following the sale, the vice president now directly owns 10,331 shares in the company, valued at approximately $645,377.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandon F. Lombardi sold 22,799 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the sale, the insider now owns 8,328 shares in the company, valued at $499,513.44. The disclosure for this sale can be found here. Insiders have sold 160,852 shares of company stock worth $10,032,745 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Sprouts Farmers Market

Institutional investors and hedge funds have recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in Sprouts Farmers Market by 614.5% in the 4th quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock valued at $146,359,000 after acquiring an additional 2,614,241 shares during the last quarter. Point72 Asset Management L.P. increased 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 during the last quarter. Boston Trust Walden Corp increased its holdings in Sprouts Farmers Market by 52.9% in the 3rd quarter. Boston Trust Walden Corp now owns 1,459,776 shares of the company’s stock valued at $62,478,000 after acquiring an additional 505,028 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Sprouts Farmers Market in the 4th quarter valued at $23,992,000. Finally, California Public Employees Retirement System bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at $20,524,000.

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.