Sprouts Farmers Market (NASDAQ:SFM) Sets New 52-Week High - Here's What Happened

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $135.83 and last traded at $135.80, with a volume of 248671 shares traded. The stock had previously closed at $131.79.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a "hold" rating in a research note on Monday, July 29th. BMO Capital Markets upped their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Evercore ISI raised their price objective on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Monday. Finally, Bank of America increased their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a "buy" rating in a report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $115.40.

Sprouts Farmers Market Trading Up 3.3 %

The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $110.82 and a 200 day moving average of $92.23. The firm has a market cap of $13.61 billion, a PE ratio of 38.27, a P/E/G ratio of 1.98 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Activity at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the sale, the insider now directly owns 27,188 shares of the company's stock, valued at approximately $2,651,373.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Jack Sinclair sold 5,714 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the sale, the chief executive officer now directly owns 199,576 shares of the company's stock, valued at $26,463,777.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the transaction, the insider now directly owns 27,188 shares in the company, valued at $2,651,373.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,999 shares of company stock worth $8,148,868. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Crewe Advisors LLC raised its position in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company's stock worth $27,000 after purchasing an additional 219 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at about $38,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sprouts Farmers Market during the 2nd quarter valued at about $29,000. Quarry LP grew its position in Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company's stock worth $40,000 after acquiring an additional 442 shares during the last quarter. Finally, Waldron Private Wealth LLC purchased a new position in Sprouts Farmers Market in the 3rd quarter worth approximately $60,000.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.