A share price of Sprouts Farmers Market Inc [SFM] is currently trading at $97.67, down -3.07%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SFM shares have gain 12.65% over the last week, with a monthly amount glided 18.19%, 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 July 30, 2024, when Wells Fargo upgraded its rating to a Equal Weight and also boosted its price target to $90 from $62. Previously, BMO Capital Markets upgraded its rating to Market Perform on July 30, 2024, and elevated its price target to $102. On February 27, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $70 on the stock. Evercore ISI upgraded its rating to a In-line and increased its price target to $45 on January 04, 2024. Goldman upgraded its rating to a Buy and raised its price target to $49 on December 12, 2023. Deutsche Bank downgraded its rating to Hold for this stock on July 25, 2023, and downed its price target to $42. In a note dated April 20, 2023, Evercore ISI initiated an Underperform rating and provided a target price of $29 on this stock.
Sprouts Farmers Market Inc experienced fluctuations in its stock price throughout the past year between $36.21 and $103.80. Currently, Wall Street analysts expect the stock to reach $83.76 within the next 12 months. Sprouts Farmers Market Inc [NASDAQ: SFM] shares were valued at $97.67 at the most recent close of the market. An investor can expect a potential drop of -14.24% based on the average SFM price forecast.
Analyzing the SFM fundamentals
Trailing Twelve Months sales for Sprouts Farmers Market Inc [NASDAQ:SFM] were 7.19B which represents 11.89% growth. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.27 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.28.
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 96.28 points at the first support level, and at 94.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.08, and for the 2nd resistance point, it is at 100.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Sprouts Farmers Market Inc [NASDAQ:SFM] is 1.03. As well, the Quick Ratio is 0.44, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 1.36, the price to book ratio is 7.71 and price to earnings (TTM) ratio is 30.66.
Transactions by insiders
Recent insider trading involved Fortunato Joe, Director, that happened on Aug 02 ’24 when 7895.0 shares were purchased. Director, Fortunato Joe completed a deal on Aug 02 ’24 to sell 7895.0 shares. Meanwhile, Officer Zalatoris Timmi bought 56800.0 shares on Aug 01 ’24.
