Sprouts Farmers Market Inc. (NASDAQ:SFM) traded today at a new 52-week high of $32.32. Approximately 315,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.
Sprouts Farmers Market Inc. (NASDAQ:SFM) defies analysts with a current price ($31.81) 7.8% above its average consensus price target of $29.33.
In the past 52 weeks, shares of Sprouts Farmers Market Inc. have traded between a low of $21.18 and a high of $32.32 and is now at $31.81, which is 50% above that low price.
Sprouts Farmers Market Inc is an American specialty grocer offering a health-oriented assortment that focuses on fresh and naturally derived products. Its offerings are especially focused on produce, which constituted around 21% of sales in fiscal 2021. Founded in 2002, the chain is most heavily concentrated in California, which accounted for 374 stores in 23 states at the end of fiscal 2022. All of the company’s operations are in the United States, with its stores largely located in the southern half of the country. The firm sells roughly 20,000 products (of which nearly 24% are organic), with private-label products accounting for about 16% of sales in fiscal 2021. Perishable items accounted for 58% of fiscal 2021 sales.
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