Sprouts Farmers Market (NASDAQ:SFM) Sets New 12-Month High at $68.03

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $68.03 and last traded at $67.81, with a volume of 1650691 shares. The stock had previously closed at $66.98.

Analyst Ratings Changes

Several equities research analysts have recently commented on SFM shares. Bank of America upgraded shares of Sprouts Farmers Market from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Evercore ISI lowered their price objective on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an "in-line" rating for the company in a research note on Tuesday, April 16th. Finally, Oppenheimer restated a "market perform" rating on shares of Sprouts Farmers Market in a research report on Monday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $51.14.

Sprouts Farmers Market Stock Up 0.8 %

The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 26.89, a P/E/G ratio of 2.44 and a beta of 0.50. The business's 50-day moving average is $62.51 and its 200-day moving average is $52.11. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 0.12.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, VP Stacy W. Hilgendorf sold 3,774 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $62.26, for a total transaction of $234,969.24. Following the completion of the sale, the vice president now owns 10,748 shares of the company's stock, valued at $669,170.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Stacy W. Hilgendorf sold 3,774 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $62.26, for a total transaction of $234,969.24. Following the completion of the sale, the vice president now owns 10,748 shares of the company's stock, valued at $669,170.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stacy W. Hilgendorf sold 417 shares of the business's stock in a transaction dated Friday, March 15th. The stock was 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 of the company's stock, valued at approximately $645,377.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 160,852 shares of company stock valued at $10,032,745. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of Sprouts Farmers Market

A number of institutional investors and hedge funds have recently modified their holdings of the stock. VisionPoint Advisory Group LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter valued at about $25,000. Rise Advisors LLC purchased a new stake in Sprouts Farmers Market during the 1st quarter valued at about $26,000. Blue Bell Private Wealth Management LLC purchased a new stake in Sprouts Farmers Market during the 1st quarter valued at about $36,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Sprouts Farmers Market during the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC purchased a new stake in Sprouts Farmers Market during the 4th quarter valued at about $43,000.

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.