Sprouts Farmers Market Inc (NASDAQ: SFM)’s stock price has dropped by -0.15 in relation to previous closing price of 140.86. Nevertheless, the company has seen a gain of 9.51% in its stock price over the last five trading days. zacks.com reported 2024-11-06 that SFM’s store expansion, solid comparable sales growth and consistent profitability highlight its ability to outperform industry trends.
Is It Worth Investing in Sprouts Farmers Market Inc (NASDAQ: SFM) Right Now?
Sprouts Farmers Market Inc (NASDAQ: SFM) has a price-to-earnings ratio that is above its average at 40.69x. The stock has a 36-month beta value of 0.55. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 6 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for SFM is 99.43M, and at present, short sellers hold a 9.95% of that float. On November 08, 2024, the average trading volume of SFM was 1.23M shares.
SFM’s Market Performance
SFM stock saw an increase of 9.51% in the past week, with a monthly gain of 23.59% and a quarterly increase of 46.08%. The volatility ratio for the week is 2.77%, and the volatility levels for the last 30 days are 2.19% for Sprouts Farmers Market Inc (SFM). The simple moving average for the past 20 days is 14.49% for SFM’s stock, with a 68.95% simple moving average for the past 200 days.
Analysts’ Opinion of SFM
Many brokerage firms have already submitted their reports for SFM stocks, with Evercore ISI repeating the rating for SFM by listing it as a “Outperform.” The predicted price for SFM in the upcoming period, according to Evercore ISI is $120 based on the research report published on September 16, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see SFM reach a price target of $107. The rating they have provided for SFM stocks is “Sector Perform” according to the report published on September 12th, 2024.
Wells Fargo gave a rating of “Equal Weight” to SFM, setting the target price at $90 in the report published on July 30th of the current year.
SFM Trading at 24.47% 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 -1.15% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares surge +24.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.95% upper at present.
During the last 5 trading sessions, SFM rose by +9.51%, which changed the moving average for the period of 200-days by +186.51% in comparison to the 20-day moving average, which settled at $122.85. In addition, Sprouts Farmers Market Inc saw 192.35% 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 Hurley Joseph L, who sale 4,956 shares at the price of $132.66 back on Nov 04 ’24. After this action, Hurley Joseph L now owns 11,184 shares of Sprouts Farmers Market Inc, valued at $657,464 using the latest closing price.
Fortunato Joe, the Director of Sprouts Farmers Market Inc, sale 11,500 shares at $132.84 during a trade that took place back on Nov 04 ’24, which means that Fortunato Joe is holding 33,571 shares at $1,527,680 based on the most recent closing price.
Stock Fundamentals for SFM
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.37 for the gross margin
The net margin for Sprouts Farmers Market Inc stands at 0.05. The total capital return value is set at 0.16. Equity return is now at value 28.56, with 10.21 for asset returns.
Based on Sprouts Farmers Market Inc (SFM), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 1.23. The interest coverage ratio of the stock is 66.03.
Currently, EBITDA for the company is 660.67 million with net debt to EBITDA at 1.79. When we switch over and look at the enterprise to sales, we see a ratio of 2.08. The receivables turnover for the company is 296.0for trailing twelve months and the total asset turnover is 2.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
To sum up, Sprouts Farmers Market Inc (SFM) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
