Sprouts Farmers Market Inc. (NASDAQ: SFM)’s stock price has increased by 1.67 compared to its previous closing price of 32.95. However, the company has seen a 1.27% increase in its stock price over the last five trading sessions. The Wall Street Journal reported on 08/31/21 that Sprouts Farmers Market Names New CFO
Is It Worth Investing in Sprouts Farmers Market Inc. (NASDAQ: SFM) Right Now?
Sprouts Farmers Market Inc. (NASDAQ: SFM) has a higher price-to-earnings ratio of 14.05x compared to its average ratio,, and the 36-month beta value for SFM is at 0.36. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 9 as “hold,” and 3 as “sell.”
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The average price suggested by analysts for SFM is $33.33, which is -$0.58 below the current market price. The public float for SFM is 102.57M, and currently, shorts hold a 15.11% of that float. The average trading volume for SFM on March 16, 2023 was 1.37M shares.
SFM’s Market Performance
The stock of Sprouts Farmers Market Inc. (SFM) has seen a 1.27% increase in the past week, with a 1.67% rise in the past month, and a -1.41% fall in the past quarter. The volatility ratio for the week is 3.24%, and the volatility levels for the past 30 days are at 3.08% for SFM. The simple moving average for the last 20 days is 3.23% for SFM stock, with a simple moving average of 12.14% for the last 200 days.
Analysts’ Opinion of SFM
Many brokerage firms have already submitted their reports for SFM stocks, with Credit Suisse repeating the rating for SFM by listing it as a “Neutral.” The predicted price for SFM in the upcoming period, according to Credit Suisse is $35 based on the research report published on December 20th of the previous year 2022.
MKM Partners gave a rating of “Neutral” to SFM, setting the target price at $38 in the report published on November 11th of the previous year.
SFM Trading at 4.48% from the 50-Day Moving Average
After a stumble in the market that brought SFM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.87% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares surge +4.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.49% upper at present.
During the last 5 trading sessions, SFM rose by +1.27%, which changed the moving average for the period of 200-days by +28.11% in comparison to the 20-day moving average, which settled at $32.52. In addition, Sprouts Farmers Market Inc. saw 3.49% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SFM starting from McGlinchey David, who sale 21,622 shares at the price of $32.96 back on Mar 13. After this action, McGlinchey David now owns 21,529 shares of Sprouts Farmers Market Inc., valued at $712,629 using the latest closing price.
Sinclair Jack, the Chief Executive Officer of Sprouts Farmers Market Inc., sale 66,709 shares at $32.85 during a trade that took place back on Mar 10, which means that Sinclair Jack is holding 290,928 shares at $2,191,277 based on the most recent closing price.
Stock Fundamentals for SFM
Current profitability levels for the company are sitting at:
- +5.77 for the present operating margin
- +34.74 for the gross margin
The net margin for Sprouts Farmers Market Inc. stands at +4.08. Equity return is now at value 25.40, with 8.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In conclusion, Sprouts Farmers Market Inc. (SFM) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
