Sprouts Farmers Market Inc. (NASDAQ:SFM) traded at a new 52-week high today of $34.93. So far today approximately 315,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.
Sprouts Farmers Market is an American specialty grocer offering an assortment highlighting 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 over one third of its 374 stores as of the end of fiscal 2021. 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 around 70% are attribute driven, such as organic, plant-based, or catering to the keto or paleo diet), with private-label products accounting for about 16% of sales in fiscal 2021. Perishable items accounted for 58% of fiscal 2021 sales.
Sprouts Farmers Market Inc. (NASDAQ:SFM) is currently priced 3.5% above its average consensus analyst price target of $33.55.
Sprouts Farmers Market Inc. share prices have moved between a 52-week high of $34.93 and a 52-week low of $21.18 and are now trading 64% above that low price at $34.78 per share.
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