Sprouts Farmers Market (NASDAQ:SFM) Sets New 52-Week Low – Here’s What Happened

Sprouts Farmers Market, Inc. (NASDAQ:SFM) reached a new 52-week low on Wednesday . The company traded as low as $75.43 and last traded at $75.3550, with a volume of 378843 shares. The stock had previously closed at $77.00.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SFM shares. Zacks Research cut shares of Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Evercore ISI reduced their target price on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, October 27th. Roth Capital restated a “neutral” rating and issued a $91.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Royal Bank Of Canada reduced their price objective on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, Wells Fargo & Company decreased their price target on Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $137.86.

Sprouts Farmers Market Trading Down 1.6%

The firm’s fifty day moving average price is $81.51 and its 200-day moving average price is $118.50. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 0.87 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 0.53.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.23 billion. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.03%. Sprouts Farmers Market’s revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS and its Q4 2025 guidance at 0.860-0.900 EPS. On average, equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 3,161 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $79.39, for a total value of $250,951.79. Following the completion of the sale, the chief marketing officer directly owned 5,552 shares in the company, valued at $440,773.28. This represents a 36.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dustin Hamilton sold 868 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $108.50, for a total value of $94,178.00. Following the transaction, the insider directly owned 15,481 shares in the company, valued at approximately $1,679,688.50. The trade was a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 21,500 shares of company stock worth $1,833,659 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SFM. Elevate Capital Advisors LLC bought a new stake in shares of Sprouts Farmers Market during the second quarter worth approximately $2,227,000. NewSquare Capital LLC raised its position in shares of Sprouts Farmers Market by 83,859.0% during the 2nd quarter. NewSquare Capital LLC now owns 32,744 shares of the company’s stock valued at $5,391,000 after acquiring an additional 32,705 shares during the last quarter. Spirepoint Private Client LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at $4,310,000. AMF Tjanstepension AB bought a new position in shares of Sprouts Farmers Market in the 2nd quarter worth $1,580,000. Finally, Silver Oak Securities Incorporated bought a new stake in Sprouts Farmers Market in the second quarter valued at about $727,000.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.