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SFM

Sprouts Farmers Market, Inc.

https://www.sprouts.com

Industry

Grocery Stores

Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care. As of January 2, 2022, it operated 374 stores in 23 states. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona.

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High-rolling investors have shown a bearish sentiment towards Sprouts Farmers Market (NASDAQ:SFM) through options trading, with 55% of trades being bearish. The stock is currently trading at $98.06, with analysts setting an average target price of $85.8. The options activity suggests a price range target of $85.0 to $110.0.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 4:45 pm

Sprouts Farmers Market (NASDAQ:SFM) has outperformed the market over the past 10 years with an average annual return of 12.01%. A $1000 investment in SFM 10 years ago would now be worth $3,130.70. The article highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 7:30 pm

July inflation data shows a modest 0.1% increase in the food-at-home index, with a notable 5.5% rise in egg prices. This has impacted the broader meats, poultry, fish, and eggs category, which saw a 0.7% increase. Other food categories like fruits and vegetables, and nonalcoholic beverages also saw price hikes, while cereals, bakery products, and dairy products experienced slight declines. The food-away-from-home category saw a 0.2% increase. Stocks to watch include Kroger, Costco, Target, Albertsons, and Sprouts Farmers Market, which may benefit from ongoing consumer spending on groceries.

Portfolio Pulse from Henry Khederian

August 15, 2024 | 7:43 pm

Sprouts Farmers Market (NASDAQ:SFM) has outperformed the market over the past 10 years with an average annual return of 12.15%, surpassing the market by 1.54% annually. A $100 investment in SFM 10 years ago would now be worth $293.11. The company currently has a market capitalization of $9.56 billion.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 3:00 pm

Top 10 large-cap gainers last week include Exact Sciences, Alnylam Pharmaceuticals, Resmed, Coca-Cola Consolidated, DexCom, Sprouts Farmers Market, UL Solutions, Labcorp Holdings, C.H. Robinson Worldwide, and DoorDash. These stocks saw significant price increases due to better-than-expected financial results and positive analyst actions.

Portfolio Pulse from Lekha Gupta

August 04, 2024 | 2:33 pm

Analysts have recently evaluated Sprouts Farmers Market (NASDAQ:SFM), with a mix of bullish and indifferent ratings. The average 12-month price target has increased to $86.0, reflecting a 22.16% rise from the previous target. Key analysts from firms like Goldman Sachs, Evercore ISI Group, and Deutsche Bank have raised their price targets, indicating positive sentiment. Sprouts Farmers Market has shown strong financial health with notable revenue growth, net margin, ROE, and ROA, and a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 5:00 pm

Goldman Sachs analyst Kate McShane maintains a Buy rating on Sprouts Farmers Market (NASDAQ:SFM) and raises the price target from $89 to $111.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:23 pm

Sprouts Farmers Market, Inc. (NASDAQ:SFM) shares surged following strong Q2 2024 results and upbeat Q3 guidance. The company reported adjusted EPS of 91 cents, beating estimates of 78 cents, and sales of $1.890 billion, surpassing the forecasted $1.835 billion. Analysts have upgraded their ratings and raised price targets for SFM, contributing to a 14.5% increase in share price to $96.93.

Portfolio Pulse from Vaishali Prayag

July 30, 2024 | 7:11 pm

Evercore ISI Group analyst Michael Morris maintains an In-Line rating on Sprouts Farmers Market (NASDAQ:SFM) and raises the price target from $84 to $96.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 5:57 pm

Merck & Co., Inc. (NYSE:MRK) shares fell 10% after the company reported second-quarter financial results and cut its FY24 adjusted EPS guidance below estimates. Despite beating revenue and EPS estimates, the guidance cut led to a sharp decline. Other stocks such as Imunon, Inc. (NASDAQ:IMNN) and JetBlue Airways Corporation (NASDAQ:JBLU) saw significant gains due to positive news, while QXO, Inc. (NASDAQ:QXO) and VBI Vaccines Inc. (NASDAQ:VBIV) experienced substantial losses.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 5:53 pm

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