Market Insight: Sprouts Farmers Market Inc (SFM)’s Notable Gain, Closing at 75.73

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In the latest session, Sprouts Farmers Market Inc (NASDAQ: SFM) closed at $75.73 up 1.53% from its previous closing price of $74.59. In other words, the price has increased by $1.53 from its previous closing price. On the day, 0.8 million shares were traded. SFM stock price reached its highest trading level at $75.785 during the session, while it also had its lowest trading level at $74.54.

Ratios:

For a deeper understanding of Sprouts Farmers Market Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.63. 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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 09 ’24 when McGlinchey David sold 12,219 shares for $74.01 per share. The transaction valued at 904,370 led to the insider holds 25,007 shares of the business.

Konat Nicholas sold 31,000 shares of SFM for $2,298,318 on May 08 ’24. The President & COO now owns 51,495 shares after completing the transaction at $74.14 per share. On May 06 ’24, another insider, Lombardi Brandon F., who serves as the Chief Legal Officer of the company, sold 5,174 shares for $74.97 each. As a result, the insider received 387,907 and left with 6,052 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 7609123328 and an Enterprise Value of 8999654400. As of this moment, Sprouts’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.16, and their Forward P/E ratio for the next fiscal year is 22.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 6.30. Its current Enterprise Value per Revenue stands at 1.288 whereas that against EBITDA is 16.756.

Stock Price History:

Over the past 52 weeks, SFM has reached a high of $75.95, while it has fallen to a 52-week low of $32.12. The 50-Day Moving Average of the stock is 16.57%, while the 200-Day Moving Average is calculated to be 52.45%.

Shares Statistics:

For the past three months, SFM has traded an average of 1.48M shares per day and 1841700 over the past ten days. A total of 101.21M shares are outstanding, with a floating share count of 99.86M. Insiders hold about 0.60% of the company’s shares, while institutions hold 112.12% stake in the company. Shares short for SFM as of 1714435200 were 13071585 with a Short Ratio of 8.80, compared to 1711584000 on 15273486. Therefore, it implies a Short% of Shares Outstanding of 13071585 and a Short% of Float of 20.61.

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