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The closing price of Sprouts Farmers Market Inc (NASDAQ: SFM) was $83.21 for the day, up 0.07% from the previous closing price of $83.15. In other words, the price has increased by $0.07 from its previous closing price. On the day, 1.84 million shares were traded. SFM stock price reached its highest trading level at $84.1595 during the session, while it also had its lowest trading level at $82.5374.
Ratios:
Our analysis of SFM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.35. For the most recent quarter (mrq), Quick Ratio is recorded 0.65 and its Current Ratio is at 1.19. In the meantime, Its Debt-to-Equity ratio is 1.41 whereas as Long-Term Debt/Eq ratio is at 1.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on February 27, 2024, Upgraded its rating to Buy and sets its target price to $70 from $30 previously.
On January 04, 2024, Evercore ISI Upgraded its rating to In-line which previously was Underperform and also upped its target price recommendation from $40 to $45.
Goldman Upgraded its Sell to Buy on December 12, 2023, whereas the target price for the stock was revised from $37 to $49.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 03 ’24 when Sinclair Jack sold 5,714 shares for $82.31 per share. The transaction valued at 470,309 led to the insider holds 239,574 shares of the business.
Sinclair Jack sold 5,714 shares of SFM for $476,437 on Jul 02 ’24. The Chief Executive Officer now owns 245,288 shares after completing the transaction at $83.38 per share. On Jun 21 ’24, another insider, Sinclair Jack, who serves as the Chief Executive Officer of the company, sold 5,714 shares for $77.11 each. As a result, the insider received 440,620 and left with 251,002 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SFM now has a Market Capitalization of 8360691200 and an Enterprise Value of 9751224320. As of this moment, Sprouts’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.75, and their Forward P/E ratio for the next fiscal year is 24.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 6.93. Its current Enterprise Value per Revenue stands at 1.395 whereas that against EBITDA is 18.155.
Stock Price History:
Over the past 52 weeks, SFM has reached a high of $86.04, while it has fallen to a 52-week low of $36.21. The 50-Day Moving Average of the stock is 4.00%, while the 200-Day Moving Average is calculated to be 38.87%.
Shares Statistics:
SFM traded an average of 1.34M shares per day over the past three months and 1142030 shares per day over the past ten days. A total of 101.21M shares are outstanding, with a floating share count of 99.82M. Insiders hold about 0.65% of the company’s shares, while institutions hold 106.84% stake in the company. Shares short for SFM as of 1721001600 were 9907496 with a Short Ratio of 7.41, compared to 1718323200 on 10795546. Therefore, it implies a Short% of Shares Outstanding of 9907496 and a Short% of Float of 15.619999000000002.
