Sprouts Farmers Market - SFM Stock Forecast, Price & News

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.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America lowered shares of Sprouts Farmers Market from a "buy" rating to an "underperform" rating and reduced their price target for the company from $40.00 to $25.00 in a research report on Thursday, May 5th. Credit Suisse Group reduced their price target on shares of Sprouts Farmers Market from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.83.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM traded up $1.03 on Tuesday, reaching $30.72. 45,505 shares of the company's stock were exchanged, compared to its average volume of 1,829,625. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.68. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.78 and a beta of 0.43. Sprouts Farmers Market has a 52 week low of $21.18 and a 52 week high of $35.34. The stock has a fifty day simple moving average of $26.92 and a 200-day simple moving average of $28.56.

Sprouts Farmers Market (NASDAQ:SFM - Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.05. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Sprouts Farmers Market had a net margin of 4.01% and a return on equity of 25.33%. As a group, sell-side analysts predict that Sprouts Farmers Market will post 2.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider John Scott Neal sold 2,565 shares of the firm's stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $29.94, for a total value of $76,796.10. Following the transaction, the insider now owns 40,544 shares in the company, valued at $1,213,887.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sprouts Farmers Market news, CFO Lawrence Molloy sold 1,298 shares of the business's stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $25.11, for a total value of $32,592.78. Following the completion of the transaction, the chief financial officer now owns 238,624 shares of the company's stock, valued at approximately $5,991,848.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Scott Neal sold 2,565 shares of the business's stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $29.94, for a total value of $76,796.10. Following the completion of the transaction, the insider now directly owns 40,544 shares of the company's stock, valued at approximately $1,213,887.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,006 shares of company stock valued at $2,593,745. 0.71% of the stock is currently owned by corporate insiders.