Is Sprouts Farmers Market Inc. (SFM) a good stock to buy now?

Sprouts Farmers Market Inc. (NASDAQ: SFM) is -2.04% lower on its value in year-to-date trading and has touched a low of $13.00 and a high of $28.00 in the current 52-week trading range. The SFM stock was last observed hovering at around $19.69 in the last trading session, with the day’s gains setting it 0.56% off its average median price target of $22.00 for the next 12 months. It is also 49.38% off the consensus price target high of $40.00 offered by 20 analysts, but current levels are -12.5% lower than the price target low of $18.00 for the same period.

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Currently trading at $20.25, the stock is 0.91% and 0.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 2.84% at the moment leaves the stock -9.23% off its SMA200. SFM registered 13.55% gain for a year compared to 6-month loss of -23.24%. The firm has a 50-day simple moving average (SMA 50) of $20.18 and a 200-day simple moving average (SMA200) of $22.15.

The stock witnessed a -2.06% gain in the last 1 month and extending the period to 3 months gives it a -8.72%, and is -2.40% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.11% over the week and 2.69% over the month.

Sprouts Farmers Market Inc. (SFM) has around 30000 employees, a market worth around $2.35B and $6.23B in sales. Current P/E ratio is 9.27 and Fwd P/E is 11.23. Profit margin for the company is 4.00%. Distance from 52-week low is 55.77% and -27.67% from its 52-week high. The company has generated returns on investments over the last 12 months (15.10%).

Sprouts Farmers Market Inc. (SFM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Sprouts Farmers Market Inc. (SFM) is a “Hold”. 20 analysts offering their recommendations for the stock have an average rating of 2.80, where 10 rate it as a Hold and 2 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.

Sprouts Farmers Market Inc. is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $0.39 with sales reaching $1.58B over the same period.The EPS is expected to grow by 2.30% this year, but quarterly earnings will post 14.30% year-over-year. Quarterly sales are estimated to grow 15.90% in year-over-year returns.

Sprouts Farmers Market Inc. (SFM) Top Institutional Holders

490 institutions hold shares in Sprouts Farmers Market Inc. (SFM), with 478.88k shares held by insiders accounting for 0.41% while institutional investors hold 107.12% of the company’s shares. The shares outstanding are 117.95M, and float is at 117.47M with Short Float at 11.90%. Institutions hold 106.68% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 11.59 million shares valued at $242.64 million. The investor’s holdings represent 9.83% of the SFM Shares outstanding. As of Sep 29, 2020, the second largest holder is Price (T.Rowe) Associates Inc with 10.73 million shares valued at $224.65 million to account for 9.10% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 10.66 million shares representing 9.04% and valued at over $223.09 million, while Blackrock Inc. holds 8.89% of the shares totaling 10.49 million with a market value of $219.53 million.

Sprouts Farmers Market Inc. (SFM) Insider Activity

A total of 5 insider transactions have happened at Sprouts Farmers Market Inc. (SFM) in the last six months, with sales accounting for 1 and purchases happening 4 times. The most recent transaction is an insider purchase by Blum Kristen E, the company’s Director. SEC filings show that Blum Kristen E bought 2,750 shares of the company’s common stock on Nov 02 at a price of $18.50 per share for a total of $50875.0. Following the purchase, the insider now owns 31193.0 shares.

Sprouts Farmers Market Inc. disclosed in a document filed with the SEC on Nov 02 that Fortunato Joe (Director) bought a total of 13,000 shares of the company’s common stock. The trade occurred on Nov 02 and was made at $18.80 per share for $0.24 million. Following the transaction, the insider now directly holds 45169.0 shares of the SFM stock.

Still, SEC filings show that on Aug 11, Anderson Joel D (Director) acquired 5,000 shares at an average price of $23.95 for $0.12 million. The insider now directly holds 24,253 shares of Sprouts Farmers Market Inc. (SFM).

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Sprouts Farmers Market Inc. (SFM): Who are the competitors?

The company’s main competitors (and peers) include Ingles Markets Incorporated (IMKTA) that is trading -4.89% down over the past 12 months. Natural Grocers by Vitamin Cottage Inc. (NGVC) is 64.70% up on the 1-year trading charts. Short interest in the company’s stock has fallen -0.94% from the last report on Nov 29, 2020 to stand at a total of 14.02 million short shares sold with a short interest ratio of 6.46.

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