Shares of Sprouts Farmers Market Inc. (NASDAQ:SFM) traded today at $30.63, eclipsing its 52-week high. Approximately 315,000 shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares.
There is potential upside of 3.6% for shares of Sprouts Farmers Market Inc. based on a current price of $30.16 and an average consensus analyst price target of $31.23.
Over the past year, Sprouts Farmers Market Inc. has traded in a range of $19.13 to $30.63 and is now at $30.16, 58% above that low.
Sprouts Farmers Market 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 22% of sales in fiscal 2020. Founded in 2002, the chain is most heavily concentrated in California, which accounted for over one third of its 362 stores as of the end of fiscal 2020. 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 25% are organic), with private-label products accounting for about 16% of sales in fiscal 2020. Perishable items accounted for 57% of fiscal 2020 sales.
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