Sprouts Farmers Market Inc (NASDAQ: SFM) is 33.11% higher on its value in year-to-date trading and has touched a low of $32.12 and a high of $65.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SFM stock was last observed hovering at around $63.91 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $64.04, the stock is 1.64% and 13.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 0.20% at the moment leaves the stock 42.01% off its SMA200. SFM registered 87.91% gain for a year compared to 6-month gain of 54.35%. The firm has a 50-day simple moving average (SMA 50) of $1.16 and a 200-day simple moving average (SMA200) of $12.78.
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The stock witnessed a 5.09% loss in the last 1 month and extending the period to 3 months gives it a 33.61%, and is 2.81% up 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 1.85% over the week and 2.29% over the month.
Sprouts Farmers Market Inc (SFM) has around 32000 employees, a market worth around $6.48B and $6.84B in sales. Current P/E ratio is 25.59 and Fwd P/E is 20.35. Profit margin for the company is 3.79%. Distance from 52-week low is 99.38% and -2.27% from its 52-week high. The company has generated returns on investments over the last 12 months (9.65%).
Sprouts Farmers Market Inc quarterly earnings per share for the current quarter are estimated at $1 with sales reaching $1.85B over the same period.The EPS is expected to grow by 3.09% this year, but quarterly earnings will post 6.90% year-over-year. Quarterly sales are estimated to grow 7.40% in year-over-year returns.
634 institutions hold shares in Sprouts Farmers Market Inc (SFM), with institutional investors hold 117.16% of the company’s shares. The shares outstanding are 101.21M, and float is at 100.43M with Short Float at 14.52%. Institutions hold 116.48% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 15.24 million shares valued at $559.86 million. The investor’s holdings represent 14.94% of the SFM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 12.19 million shares valued at $447.81 million to account for 11.95% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 10.76 million shares representing 10.55% and valued at over $395.19 million, while Lsv Asset Management holds 4.81% of the shares totaling 4.91 million with a market value of $180.29 million.
Sprouts Farmers Market Inc (SFM) Insider Activity
The most recent transaction is an insider sale by Konat Nicholas, the company’s President & COO. SEC filings show that Konat Nicholas sold 31,846 shares of the company’s common stock on Mar 22 ’24 at a price of $62.13 per share for a total of $1.98 million. Following the sale, the insider now owns 82495.0 shares.
Sprouts Farmers Market Inc disclosed in a document filed with the SEC on Mar 20 ’24 that Zalatoris Timmi (Chief Human Resources Officer) sold a total of 5,353 shares of the company’s common stock. The trade occurred on Mar 20 ’24 and was made at $61.62 per share for $0.33 million. Following the transaction, the insider now directly holds 10895.0 shares of the SFM stock.
Still, SEC filings show that on Mar 18 ’24, Sinclair Jack (Chief Executive Officer) disposed off 10,564 shares at an average price of $63.56 for $0.67 million. The insider now directly holds 239,642 shares of Sprouts Farmers Market Inc (SFM).
