Sprouts Farmers Market Inc. (NASDAQ:SFM) saw an upside of 0.94% to close Tuesday at $22.64 after adding $0.21 on the day. The 5-day average trading volume is 1,980,660 shares of the company’s common stock. It has gained $22.82 in the past week. An average of 2,212,855 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,062,616.
SFM’s 1-month performance is -1.48% or -$0.51 on its low of $21.18 reached on 10/05/21. The company’s shares have touched a 52-week low of $18.21 and high of $29.35, with the stock’s rally to the 52-week high happening on 06/10/21. YTD, SFM has achieved 12.64% or $2.54. However, the current price is down -22.86%% from the 52-week high price.
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On Aug 11, 63 days have gone by since the last insider trading activity for Sprouts Farmers Market Inc. (SFM). Neal John Scott (Chief Fresh Merchandising Off.) most recently sold 4,840 shares at $24.74 per share on Aug 11. This transaction cost the insider $119,742. Chief Executive Officer, Sinclair Jack, sold 26,553 shares at a price of $26.17 on Jun 25. Then, on May 13, SVP, Chief Marketing Officer Phipps Gilliam sold 2,364 shares at a price of $25.72 per share. This transaction amounted to $60,802.
The company’s PE ratio for the last five years has touched a high of 28.98 and a low of 7.959. SFM stock has a beta of 0.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.41 while the price-to-book (PB) in the most recent quarter is 2.80, with the price to cash flow ratio at 14.18.
Sprouts Farmers Market Inc.’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 1.10 meaning that SFM stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.27, while the total debt to equity was 0.28. In terms of profitability, the gross margin trailing 12 months is 36.80%. The trailing 12-month EBITDA margin is 9.54% while for the period ending June 29; Sprouts Farmers Market Inc.’s operating margin was 5.90%. The firm’s gross profit as reported stood at $2.38 billion against revenue of $6.47 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected SFM to announce $0.45 per share in earnings in its latest quarter, but it posted $0.52, representing a 15.60% surprise. EBITDA for the quarter stood at more than $141.78 million. SFM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.93 billion, with total debt at $1.49 billion. Shareholders hold equity totaling $114.19 million
Let’s look briefly at Sprouts Farmers Market Inc. (SFM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 49.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.44%.
The stock’s 5-day moving average is $22.37, reflecting a +2.21% or $0.49 change from its current price. SFM is currently trading +0.09% above its 20-day SMA, -11.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -7.52% and +11.58% respectively.
Stochastic %K and %D was 45.79% and 41.52% and the average true range (ATR) pointed at 0.67. The RSI (14) points at 46.49%, while the 14-day stochastic is at 51.96% with the period’s ATR at 0.68. The stock’s 9-day MACD Oscillator is pointing at 0.05 and -0.15 on the 14-day charts.
In the most recent analyst report for Sprouts Farmers Market Inc. (NASDAQ: SFM), BMO Capital Markets downgraded it to an Underperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for SFM stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate SFM as a “sell,”, while 8 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 2 rates the stock as overweight while 4 have offered a “buy” rating.
What is SFM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $18.00 and a high of $37.00, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for Sprouts Farmers Market Inc. (SFM) stock is $26.38.