Sprouts Farmers Market (NASDAQ:SFM) Sets New 52-Week High at $77.19

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $77.19 and last traded at $77.19, with a volume of 397 shares. The stock had previously closed at $75.73.

Analyst Ratings Changes

A number of research firms have issued reports on SFM. Evercore ISI cut their price target on 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. Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an "underweight" rating in a report on Thursday, May 2nd. Bank of America upgraded shares of Sprouts Farmers Market from an "underperform" rating to a "buy" rating and upped their price objective for the company from $30.00 to $70.00 in a report on Tuesday, February 27th. BMO Capital Markets raised their target price on Sprouts Farmers Market from $31.00 to $40.00 and gave the company an "underperform" rating in a research note on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Sprouts Farmers Market from $60.00 to $63.00 and gave the company a "hold" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.13.

Sprouts Farmers Market Price Performance

The firm's 50 day moving average price is $65.25 and its two-hundred day moving average price is $54.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65. The stock has a market cap of $7.65 billion, a PE ratio of 26.23, a P/E/G ratio of 2.69 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The business had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The firm's quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 3.12 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Stacy W. Hilgendorf sold 3,774 shares of the company's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $62.26, for a total value of $234,969.24. Following the completion of the transaction, the vice president now directly owns 10,748 shares in the company, valued at approximately $669,170.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 3,774 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $62.26, for a total value of $234,969.24. Following the completion of the sale, the vice president now directly owns 10,748 shares of the company's stock, valued at $669,170.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stacy W. Hilgendorf sold 417 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $62.47, for a total value of $26,049.99. Following the transaction, the vice president now directly owns 10,331 shares in the company, valued at $645,377.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 210,567 shares of company stock worth $13,722,524. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Hedge funds have recently made changes to their positions in the business. Ironwood Investment Counsel LLC boosted its position in Sprouts Farmers Market by 3.8% during the 1st quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company's stock valued at $340,000 after acquiring an additional 195 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Sprouts Farmers Market by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company's stock valued at $690,966,000 after purchasing an additional 29,362 shares during the period. Jupiter Asset Management Ltd. boosted its position in shares of Sprouts Farmers Market by 6.3% during the first quarter. Jupiter Asset Management Ltd. now owns 963,832 shares of the company's stock valued at $62,148,000 after purchasing an additional 57,000 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new stake in Sprouts Farmers Market in the first quarter worth $1,855,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in Sprouts Farmers Market by 41.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 41,897 shares of the company's stock worth $2,702,000 after purchasing an additional 12,313 shares in the last quarter.

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.