Sprouts Farmers Market (NASDAQ:SFM) Reaches New 1-Year High - Here's What Happened

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $148.00 and last traded at $148.00, with a volume of 7936 shares trading hands. The stock had previously closed at $145.15.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a "hold" rating in a report on Monday, July 29th. StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Melius Research initiated coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They set a "hold" rating and a $105.00 target price on the stock. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Roth Mkm raised their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $115.40.

Sprouts Farmers Market Stock Up 0.9 %

The business has a 50-day moving average of $113.85 and a 200 day moving average of $94.35. The company has a market capitalization of $14.65 billion, a PE ratio of 41.95, a P/E/G ratio of 2.19 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

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

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction on Wednesday, August 21st. The shares were 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 of the company's stock, valued at $2,651,373.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $101.09, for a total transaction of $577,628.26. Following the completion of the sale, the chief executive officer now owns 222,432 shares of the company's stock, valued at approximately $22,485,650.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction on 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,648 shares of company stock valued at $5,902,586 over the last ninety days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc raised its stake in Sprouts Farmers Market by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company's stock worth $322,000 after buying an additional 101 shares in the last quarter. Caprock Group LLC increased its holdings in shares of Sprouts Farmers Market by 1.9% in the 3rd quarter. Caprock Group LLC now owns 5,477 shares of the company's stock valued at $605,000 after acquiring an additional 102 shares during the period. UMB Bank n.a. raised its position in shares of Sprouts Farmers Market by 26.3% in the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company's stock worth $67,000 after acquiring an additional 126 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Sprouts Farmers Market by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company's stock worth $1,566,000 after purchasing an additional 148 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Sprouts Farmers Market by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company's stock valued at $402,000 after purchasing an additional 158 shares in the last quarter.

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.