Sprouts Farmers Market Inc (NASDAQ: SFM) is 119.16% higher on its value in year-to-date trading and has touched a low of $39.50 and a high of $107.90 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 $104.86 in the last trading session, with the day’s gains setting it 0.58%.
Currently trading at $105.44, the stock is 4.17% and 11.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 0.55% at the moment leaves the stock 48.80% off its SMA200. SFM registered 160.15% gain for a year compared to 6-month gain of 69.27%.
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The stock witnessed a 7.42% loss in the last 1 month and extending the period to 3 months gives it a 36.95%, and is 3.65% 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 3.14% over the week and 2.79% over the month.
Sprouts Farmers Market Inc (SFM) has around 32000 employees, a market worth around $10.56B and $7.19B in sales. Current P/E ratio is 33.10 and Fwd P/E is 28.36. Profit margin for the company is 4.52%. Distance from 52-week low is 166.94% and -2.28% from its 52-week high. The company has generated returns on investments over the last 12 months (11.77%).
The EPS is expected to grow by 19.45% this year
717.0 institutions hold shares in Sprouts Farmers Market Inc (SFM), with institutional investors hold 108.97% of the company’s shares. The shares outstanding are 101.21M, and float is at 99.54M with Short Float at 9.34%. Institutions hold 108.45% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.98 million shares valued at $1.09 billion. The investor’s holdings represent 12.9219 of the SFM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.56 million shares valued at $883.5 million to account for 10.5122 of the shares outstanding. The other top investors are FMR LLC which holds 6.67 million shares representing 6.6439 and valued at over $558.39 million, while RENAISSANCE TECHNOLOGIES LLC holds 4.4178 of the shares totaling 4.44 million with a market value of $371.3 million.
Sprouts Farmers Market Inc (SFM) Insider Activity
The most recent transaction is an insider sale by Hamilton Dustin, the company’s Chief Stores Officer. SEC filings show that Hamilton Dustin sold 1,997 shares of the company’s common stock on Sep 09 ’24 at a price of $99.20 per share for a total of $0.2 million. Following the sale, the insider now owns 26172.0 shares.
Sprouts Farmers Market Inc disclosed in a document filed with the SEC on Sep 03 ’24 that Sinclair Jack (Chief Executive Officer) sold a total of 5,714 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $101.09 per share for $0.58 million. Following the transaction, the insider now directly holds 0.22 million shares of the SFM stock.
Still, SEC filings show that on Sep 04 ’24, Sinclair Jack (Chief Executive Officer) disposed off 5,714 shares at an average price of $97.58 for $0.56 million. The insider now directly holds 216,718 shares of Sprouts Farmers Market Inc (SFM).
