Sprouts Farmers Market Inc (NASDAQ: SFM) closed the day trading at $62.32 up 0.05% from the previous closing price of $62.29. In other words, the price has increased by $+0.03 from its previous closing price. On the day, 1024538 shares were traded.
Ratios:
For a better understanding of SFM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.31. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 1.45 whereas as Long-Term Debt/Eq ratio is at 1.34.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 20 ’24 when Zalatoris Timmi sold 5,353 shares for $61.62 per share. The transaction valued at 329,852 led to the insider holds 10,895 shares of the business.
Sinclair Jack sold 10,564 shares of SFM for $671,439 on Mar 18 ’24. The Chief Executive Officer now owns 239,642 shares after completing the transaction at $63.56 per share. On Mar 18 ’24, another insider, Coffin Kim, who serves as the SVP, Chief Forager of the company, sold 9,319 shares for $63.29 each. As a result, the insider received 589,818 and left with 4,605 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 6.31B and an Enterprise Value of 7.77B. As of this moment, Sprouts’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.91, and their Forward P/E ratio for the next fiscal year is 19.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 5.49. Its current Enterprise Value per Revenue stands at 1.14 whereas that against EBITDA is 12.50.
Stock Price History:
Over the past 52 weeks, SFM has reached a high of $65.53, while it has fallen to a 52-week low of $32.12. The 50-Day Moving Average of the stock is 55.71, while the 200-Day Moving Average is calculated to be 44.64.
Shares Statistics:
Over the past 3-months, SFM traded about 1.30M shares per day on average, while over the past 10 days, SFM traded about 1.48M shares per day. A total of 101.21M shares are outstanding, with a floating share count of 100.72M. Insiders hold about 0.49% of the company’s shares, while institutions hold 113.36% stake in the company. Shares short for SFM as of Feb 29, 2024 were 14.16M with a Short Ratio of 10.89, compared to 15.29M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.99% and a Short% of Float of 22.92%.
Earnings Estimates
Current recommendations for the stock of the company come from 13 analysts. On average, analysts expect EPS of $1 for the current quarter, with a high estimate of $1.02 and a low estimate of $0.98, while EPS last year was $0.98. The consensus estimate for the next quarter is $0.71, with high estimates of $0.77 and low estimates of $0.61.
Analysts are recommending an EPS of between $3.03 and $2.55 for the fiscal current year, implying an average EPS of $2.92. EPS for the following year is $3.13, with 12 analysts recommending between $3.37 and $2.34.
Revenue Estimates
13 analysts predict $1.85B in revenue for the current quarter. It ranges from a high estimate of $1.86B to a low estimate of $1.82B. As of the current estimate, Sprouts Farmers Market Inc’s year-ago sales were $1.72B, an estimated increase of 7.40% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $1.81B, an increase of 6.80% less than the figure of $7.40% in the same quarter last year. There is a high estimate of $1.84B for the next quarter, whereas the lowest estimate is $1.78B.
A total of 14 analysts have provided revenue estimates for SFM’s current fiscal year. The highest revenue estimate was $7.39B, while the lowest revenue estimate was $7.25B, resulting in an average revenue estimate of $7.31B. In the same quarter a year ago, actual revenue was $6.84B, up 6.90% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $7.94B in the next fiscal year. The high estimate is $8.13B and the low estimate is $7.77B. The average revenue growth estimate for next year is up 8.60% from the average revenue estimate for this year.
