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

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Sprouts Farmers Market Inc [NASDAQ: SFM] closed the trading session at $75.69.

The stocks have a year to date performance of 57.33 percent and weekly performance of -3.23 percent. The stock has been moved at 60.67 percent over the last six months. The stock has performed -1.37 percent around the most recent 30 days and changed 19.90 percent over the most recent 3-months.

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If compared to the average trading volume of 1.39M shares, SFM reached to a volume of 1080434 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $67.74 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 3.00. 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.

BofA Securities have made an estimate for Sprouts Farmers Market Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 27, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $40 to $45. The new note on the price target was released on January 04, 2024, representing the official price target for Sprouts Farmers Market Inc stock. Previously, the target price had yet another raise from $37 to $49, while Goldman kept a Buy rating on SFM stock. On July 25, 2023, analysts decreased their price target for SFM shares from 45 to 42.

The Average True Range (ATR) for Sprouts Farmers Market Inc is set at 1.74, with the Price to Sales ratio for SFM stock in the period of the last 12 months amounting to 1.09. The Price to Book ratio for the last quarter was 6.30, with the Price to Cash per share for the same quarter was set at 3.11. Price to Free Cash Flow for SFM in the course of the last twelve months was 27.61 with Quick ratio for the last quarter at 0.65.

SFM stock trade performance evaluation

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 -3.23. With this latest performance, SFM shares dropped by -1.37% in over the last four-week period, additionally plugging by 60.67% over the last 6 months – not to mention a rise of 117.19% 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 48.45, with the RSI for the last a single of trading hit 38.91, and the three-weeks RSI is set at 54.32 for Sprouts Farmers Market Inc [SFM]. The present Moving Average for the last 50 days of trading for this stock 72.05, while it was recorded at 75.94 for the last single week of trading, and 54.42 for the last 200 days.

Sprouts Farmers Market Inc [SFM]: An insightful look at the core fundamentals

Sprouts Farmers Market Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.65 and a Current Ratio set at 1.19.

Earnings per share (EPS) analysis for Sprouts Farmers Market Inc [SFM] stock

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 8.58%.

Sprouts Farmers Market Inc [SFM]: Institutional Ownership

The top three institutional holders of SFM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in SFM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in SFM stock with ownership which is approximately 5.8386%.