Sprouts Farmers Market Inc [SFM] stock is trading at $102.64, up 1.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The SFM shares have gain 4.56% over the last week, with a monthly amount glided 21.24%, 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 [SFM] stock has fluctuated between $38.46 and $103.80 over the past year. 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 $102.64 at the most recent close of the market. An investor can expect a potential drop of -18.39% based on the average SFM price forecast.
Analyzing the SFM fundamentals
Sprouts Farmers Market Inc [NASDAQ:SFM] reported sales of 7.19B for the trailing twelve months, which represents a growth of 11.89%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.28.
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 100.94 points at the first support level, and at 99.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.76, and for the 2nd resistance point, it is at 104.88.
Ratios To Look Out For
For context, Sprouts Farmers Market Inc’s Current Ratio is 1.03. On the other hand, the Quick Ratio is 0.44, and the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 8.10 and price to earnings (TTM) ratio is 32.22.
Transactions by insiders
Recent insider trading involved Rauch Douglas Gregory, Director, that happened on Aug 27 ’24 when 1500.0 shares were purchased. Director, TERRI FUNK GRAHAM completed a deal on Aug 26 ’24 to buy 10000.0 shares. Meanwhile, Chief Stores Officer Hamilton Dustin sold 500.0 shares on Aug 21 ’24.
