Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, 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. As of January 2, 2022, it operated 374 stores in 23 states. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group dropped their price objective on shares of Sprouts Farmers Market from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday, July 26th. StockNews.com upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Saturday, April 16th. Finally, Bank of America downgraded shares of Sprouts Farmers Market from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $40.00 to $25.00 in a report on Thursday, May 5th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Sprouts Farmers Market has an average rating of "Hold" and a consensus target price of $26.83.
Sprouts Farmers Market Stock Performance
NASDAQ:SFM traded down $0.21 during mid-day trading on Monday, reaching $30.07. 2,446,586 shares of the stock were exchanged, compared to its average volume of 1,896,333. Sprouts Farmers Market has a 1 year low of $21.18 and a 1 year high of $35.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.68 and a current ratio of 1.25. The business's 50 day moving average is $26.61 and its 200-day moving average is $28.49. The company has a market capitalization of $3.30 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.85 and a beta of 0.43.
Insider Transactions at Sprouts Farmers Market
In related news, CEO Jack Sinclair sold 26,536 shares of the company's stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $25.65, for a total value of $680,648.40. Following the completion of the transaction, the chief executive officer now owns 293,591 shares of the company's stock, valued at approximately $7,530,609.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Gilliam Phipps sold 2,364 shares of the firm's stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $24.96, for a total value of $59,005.44. Following the transaction, the insider now owns 28,272 shares in the company, valued at $705,669.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 26,536 shares of the company's stock in a transaction on Monday, June 27th. The stock was sold at an average price of $25.65, for a total transaction of $680,648.40. Following the sale, the chief executive officer now directly owns 293,591 shares of the company's stock, valued at approximately $7,530,609.15. The disclosure for this sale can be found here. Insiders have sold a total of 30,198 shares of company stock valued at $772,247 in the last ninety days. 0.71% of the stock is currently owned by corporate insiders.