Goldman slashes price target on Sprouts Farmers Market Inc. [SFM] – find out why.

Sprouts Farmers Market Inc. [NASDAQ: SFM] slipped around -0.94 points on Monday, while shares priced at $25.57 at the close of the session, down -3.56%. The company report on April 9, 2021 that Sprouts Farmers Market to Report First Quarter 2021 Earnings on May 6, 2021.

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Sprouts Farmers Market, Inc. (Nasdaq: SFM) announced it will issue financial results for the first quarter ended April 4, 2021 after the market closes on Thursday, May 6, 2021. Following the release, Sprouts’ management will conduct a conference call at 2:00 pm PDT (5:00 pm EDT) to discuss the results for the quarter.

A webcast of the conference call will be available at investors.sprouts.com. Participants should register on the website approximately 10 minutes prior to the start of the webcast. The conference call will be available via the following dial-in numbers:.

Sprouts Farmers Market Inc. stock is now 27.21% up from its year-to-date (YTD) trading value. SFM Stock saw the intraday high of $26.48 and lowest of $25.17 per share. The company’s 52-week high price is 28.63, which means current price is +33.66% above from all time high which was touched on 03/30/21.

Compared to the average trading volume of 2.70M shares, SFM reached a trading volume of 2522665 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Sprouts Farmers Market Inc. [SFM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SFM shares is $26.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SFM stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Sprouts Farmers Market Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on December 10, 2020. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on November 20, 2020, representing the official price target for Sprouts Farmers Market Inc. stock. Previously, the target price had yet another drop from $39 to $37, while MKM Partners kept a Buy rating on SFM stock.

The Average True Range (ATR) for Sprouts Farmers Market Inc. is set at 0.86, with the Price to Sales ratio for SFM stock in the period of the last 12 months amounting to 0.47. The Price to Book ratio for the last quarter was 3.42, with the Price to Cash per share for the same quarter was set at 1.44. Price to Free Cash Flow for SFM in the course of the last twelve months was 8.12 with Quick ratio for the last quarter at 0.40.

How has SFM stock performed recently?

Sprouts Farmers Market Inc. [SFM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.80. With this latest performance, SFM shares dropped by -2.78% in over the last four-week period, additionally plugging by 22.64% over the last 6 months – not to mention a rise of 17.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SFM stock in for the last two-week period is set at 45.26, with the RSI for the last a single of trading hit 36.29, and the three-weeks RSI is set at 50.02 for Sprouts Farmers Market Inc. [SFM]. The present Moving Average for the last 50 days of trading for this stock 24.74, while it was recorded at 26.53 for the last single week of trading, and 22.66 for the last 200 days.

Sprouts Farmers Market Inc. [SFM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sprouts Farmers Market Inc. [SFM] shares currently have an operating margin of +6.05 and a Gross Margin at +34.86. Sprouts Farmers Market Inc.’s Net Margin is presently recorded at +4.44.

Return on Total Capital for SFM is now 16.78, given the latest momentum, and Return on Invested Capital for the company is 13.00. Return on Equity for this stock inclined to 39.29, with Return on Assets sitting at 9.66. When it comes to the capital structure of this company, Sprouts Farmers Market Inc. [SFM] has a Total Debt to Total Equity ratio set at 166.43. Additionally, SFM Total Debt to Total Capital is recorded at 62.47, with Total Debt to Total Assets ending up at 46.56. Long-Term Debt to Equity for the company is recorded at 150.91, with the Long-Term Debt to Total Capital now at 56.64.

Reflecting on the efficiency of the workforce at the company, Sprouts Farmers Market Inc. [SFM] managed to generate an average of $8,711 per employee. Receivables Turnover for the company is 328.74 with a Total Asset Turnover recorded at a value of 2.17.Sprouts Farmers Market Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.90.

Earnings analysis for Sprouts Farmers Market Inc. [SFM]

With the latest financial reports released by the company, Sprouts Farmers Market Inc. posted 0.78/share EPS, while the average EPS was predicted by analysts to be reported at 0.54/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 44.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SFM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sprouts Farmers Market Inc. go to 7.05%.

Insider trade positions for Sprouts Farmers Market Inc. [SFM]

There are presently around $2,909 million, in the hands of institutional investors. The top three institutional holders of SFM stocks are: VANGUARD GROUP INC with ownership of 12,087,470, which is approximately 4.265% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 10,374,989 shares of the stock with an approximate value of $265.29 million in SFM stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $194.33 million in SFM stock with ownership of nearly -28.699% of the company’s market capitalization.

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Positions in Sprouts Farmers Market Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 156 institutional holders increased their position in Sprouts Farmers Market Inc. [NASDAQ:SFM] by around 17,262,054 shares. Additionally, 185 investors decreased positions by around 22,360,384 shares, while 43 investors held positions by with 74,155,085 shares. The mentioned changes placed institutional holdings at 113,777,523 shares, according to the latest SEC report filing. SFM stock had 50 new institutional investments in for a total of 3,944,270 shares, while 62 institutional investors sold positions of 3,295,358 shares during the same period.

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