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The price of Sprouts Farmers Market Inc (NASDAQ: SFM) closed at $78.85 in the last session, down -0.16% from day before closing price of $78.98. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 1.17 million shares were traded. SFM stock price reached its highest trading level at $79.82 during the session, while it also had its lowest trading level at $77.91.
Ratios:
We take a closer look at SFM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.76. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 22 ’24 when O’Leary Joseph D sold 12,000 shares for $78.92 per share. The transaction valued at 946,980 led to the insider holds 24,657 shares of the business.
Fortunato Joe sold 5,000 shares of SFM for $392,404 on May 21 ’24. The Director now owns 52,966 shares after completing the transaction at $78.48 per share. On May 09 ’24, another insider, McGlinchey David, who serves as the Chief Strategy Officer of the company, sold 12,219 shares for $74.01 each. As a result, the insider received 904,370 and left with 25,007 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 7922611200 and an Enterprise Value of 9313142784. As of this moment, Sprouts’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.24, and their Forward P/E ratio for the next fiscal year is 23.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.13 while its Price-to-Book (P/B) ratio in mrq is 6.56. Its current Enterprise Value per Revenue stands at 1.333 whereas that against EBITDA is 17.34.
Stock Price History:
Over the past 52 weeks, SFM has reached a high of $82.96, while it has fallen to a 52-week low of $32.12. The 50-Day Moving Average of the stock is 13.26%, while the 200-Day Moving Average is calculated to be 49.64%.
Shares Statistics:
According to the various share statistics, SFM traded on average about 1.36M shares per day over the past 3-months and 1422760 shares per day over the past 10 days. A total of 101.21M shares are outstanding, with a floating share count of 99.86M. Insiders hold about 0.62% of the company’s shares, while institutions hold 108.13% stake in the company. Shares short for SFM as of 1715731200 were 11913337 with a Short Ratio of 8.74, compared to 1713139200 on 13680896. Therefore, it implies a Short% of Shares Outstanding of 11913337 and a Short% of Float of 18.78.
