What is the best trade option for Sprouts Farmers Market Inc (SFM) stock?

Sprouts Farmers Market Inc [SFM] stock is trading at $145.45, down -0.42%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SFM shares have gain 3.26% over the last week, with a monthly amount glided 24.45%, 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 September 16, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $120 from $96. Previously, RBC Capital Mkts started tracking the stock with Sector Perform rating on September 12, 2024, and set its price target to $107. On July 30, 2024, upgrade upgraded it’s rating to Equal Weight and revised its price target to $90 on the stock. BMO Capital Markets upgraded its rating to a Market Perform and increased its price target to $102 on July 30, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $70 on February 27, 2024. Evercore ISI upgraded its rating to In-line for this stock on January 04, 2024, and upped its price target to $45. In a note dated December 12, 2023, Goldman upgraded an Buy rating on this stock and boosted its target price from $37 to $49.

Sprouts Farmers Market Inc [SFM] stock has fluctuated between $40.39 and $148.56 over the past year. Currently, Wall Street analysts expect the stock to reach $101.11 within the next 12 months. Sprouts Farmers Market Inc [NASDAQ: SFM] shares were valued at $145.45 at the most recent close of the market. An investor can expect a potential drop of -30.48% based on the average SFM price forecast.

Analyzing the SFM fundamentals

Sprouts Farmers Market Inc [NASDAQ:SFM] reported sales of 7.42B for the trailing twelve months, which represents a growth of 13.57%. 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 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.28 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.

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 144.46 points at the first support level, and at 143.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 146.57, and for the 2nd resistance point, it is at 147.68.

Ratios To Look Out For

For context, Sprouts Farmers Market Inc’s Current Ratio is 1.13. In addition, the Quick Ratio stands at 0.59 and the Cash Ratio stands at 0.5. Considering the valuation of this stock, the price to sales ratio is 1.96, the price to book ratio is 10.83 and price to earnings (TTM) ratio is 42.08.

Transactions by insiders

Recent insider trading involved Hurley Joseph L, Chief Supply Chain Officer, that happened on Nov 04 ’24 when 4956.0 shares were sold. Director, Fortunato Joe completed a deal on Nov 04 ’24 to sell 11500.0 shares. Meanwhile, Chief Executive Officer Sinclair Jack sold 5714.0 shares on Nov 05 ’24.

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