Technical models project Sprouts stock price could test $82 in the coming weeks if macro indicators like CPI remain favorable, reducing cost pressure in supply chains. Sprouts Farmers (SFM) closed the most recent trading day at $105.31, moving -1.73% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.06% for the day. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.39%. However, it is worth remembering that Sprouts' stock has risen more than fivefold in just three years. Along the way, its price-to-earnings ratio ballooned from 12 to 34 today. Said another way, the market was expecting borderline perfection out of Sprouts' stock this quarter, and it apparently came up just shy. Short-term traders are watching the $78 resistance level for Sprouts stock price after multiple touches in recent sessions; a breakout could trigger momentum-based buying according to technical chart patterns.
