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

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $180.17 and last traded at $175.11, with a volume of 11218 shares. The stock had previously closed at $177.12.

Analyst Ratings Changes

A number of research analysts recently issued reports on SFM shares. StockNews.com upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Friday. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a report on Friday. Evercore ISI increased their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. UBS Group lifted their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Roth Mkm upped their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research report on Friday. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $152.40.

Sprouts Farmers Market Trading Down 15.6 %

The business's 50 day moving average price is $148.11 and its two-hundred day moving average price is $129.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 41.42, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares in the company, valued at approximately $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the sale, the director now owns 10,874 shares of the company's stock, valued at $1,619,029.86. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,614 shares of company stock valued at $6,323,731 over the last three months. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors have recently bought and sold shares of the stock. Accent Capital Management LLC purchased a new position in shares of Sprouts Farmers Market in the third quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprouts Farmers Market in the 4th quarter worth approximately $31,000. Avior Wealth Management LLC grew its position in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after purchasing an additional 130 shares in the last quarter. GeoWealth Management LLC grew its position in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after purchasing an additional 142 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after purchasing an additional 132 shares during the period.

About Sprouts Farmers Market

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.