Sprouts Farmers Market Inc (SFM) stock hits $63.13: Is it a good time to buy or wait for a dip?

Sprouts Farmers Market Inc [SFM] stock prices are up 0.06% to $63.13 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SFM shares have lost -0.28% over the last week, with a monthly amount glided 23.23%, and seem to be holding up well over a long-time horizon.

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On 7, March 2024, Sprouts Farmers Market to Present at the 36th Annual ROTH Conference. In a post published today on Yahoo Finance, Sprouts Farmers Market, Inc. (Nasdaq: SFM), one of the largest and fastest-growing specialty retailers of fresh, natural and organic food in the United States, today announced the company’s participation in the 36th Annual ROTH Conference in Dana Point, CA. Jack Sinclair, chief executive officer, and Curtis Valentine, chief financial officer, are scheduled to conduct a fireside chat discussion at 11:30 a.m. Pacific Time on Tuesday, March 19, 2024.

From an analyst’s perspective:

Sprouts Farmers Market Inc [NASDAQ: SFM] stock has seen the most recent analyst activity on February 27, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $70 from $30. Previously, Evercore ISI upgraded its rating to In-line on January 04, 2024, and elevated its price target to $45. On December 12, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $49 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $42 on July 25, 2023. Evercore ISI initiated its recommendation with a Underperform and recommended $29 as its price target on April 20, 2023. In a note dated November 17, 2022, Northcoast downgraded an Neutral rating on this stock.

The stock price of Sprouts Farmers Market Inc [SFM] has been fluctuating between $32.12 and $65.53 over the past year. Currently, Wall Street analysts expect the stock to reach $31.28 within the next 12 months. Sprouts Farmers Market Inc [NASDAQ: SFM] shares were valued at $63.13 at the most recent close of the market. An investor can expect a potential drop of -50.45% based on the average SFM price forecast.

Analyzing the SFM fundamentals

The Sprouts Farmers Market Inc [NASDAQ:SFM] reported sales of 6.84B for trailing twelve months, representing a surge of 7.74%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.24 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.45.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 62.52 points at the first support level, and at 61.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.76, and for the 2nd resistance point, it is at 64.38.

Sprouts Farmers Market Inc [SFM] reported earnings per share of $0.49 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.04 and a surprise factor of 8.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.65 per share as compared to estimates of $0.62 per share, a difference of $0.03 representing a surprise of 4.80%.

Ratios To Look Out For

It’s worth pointing out that Sprouts Farmers Market Inc [NASDAQ:SFM]’s Current Ratio is 1.10. On the other hand, the Quick Ratio is 0.51, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 5.56 and price to earnings (TTM) ratio is 25.23.

Transactions by insiders

Recent insider trading involved Hurley Joseph L, Chief Supply Chain Officer, that happened on Mar 11 ’24 when 14184.0 shares were sold. Director, Anderson Joel D completed a deal on Mar 05 ’24 to sell 5287.0 shares. Meanwhile, Director Fortunato Joe sold 13000.0 shares on Mar 04 ’24.

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