Sprouts Farmers Market Inc [SFM] stock is trading at $83.86, up 0.72%. An important factor to consider is whether the stock is rising or falling in short-term value. The SFM shares have lost -1.49% over the last week, with a monthly amount glided 8.42%, and seem to be holding up well over a long-time horizon.
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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.
Sprouts Farmers Market Inc [SFM] stock has fluctuated between $36.21 and $86.04 over the past year. Currently, Wall Street analysts expect the stock to reach $59.69 within the next 12 months. Sprouts Farmers Market Inc [NASDAQ: SFM] shares were valued at $83.86 at the most recent close of the market. An investor can expect a potential drop of -28.82% based on the average SFM price forecast.
Analyzing the SFM fundamentals
Sprouts Farmers Market Inc [NASDAQ:SFM] reported sales of 6.99B for the trailing twelve months, which represents a growth of 8.68%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.26 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
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 82.59 points at the first support level, and at 81.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.83, and for the 2nd resistance point, it is at 85.80.
Ratios To Look Out For
For context, Sprouts Farmers Market Inc’s Current Ratio is 1.19. On the other hand, the Quick Ratio is 0.65, and the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 6.98 and price to earnings (TTM) ratio is 28.97.
Transactions by insiders
Recent insider trading involved Sinclair Jack, Chief Executive Officer, that happened on Jul 03 ’24 when 5714.0 shares were sold. Chief Executive Officer, Sinclair Jack completed a deal on Jul 02 ’24 to sell 5714.0 shares. Meanwhile, Chief Executive Officer Sinclair Jack sold 5714.0 shares on Jun 21 ’24.
