Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) Director Joe Fortunato sold 5,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the completion of the sale, the director now directly owns 28,571 shares in the company, valued at $4,137,080.80. This trade represents a 14.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Sprouts Farmers Market Trading Up 1.6 %
SFM traded up $2.13 on Tuesday, reaching $134.88. 805,321 shares of the company's stock were exchanged, compared to its average volume of 1,562,812. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a twelve month low of $60.46 and a twelve month high of $178.99. The company's 50 day moving average is $150.28 and its 200-day moving average is $133.42. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 2.31 and a beta of 0.67.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have weighed in on SFM. JPMorgan Chase & Co. raised their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday. Bank of America boosted their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. UBS Group upped their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Jefferies Financial Group boosted their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Finally, Northcoast Research upgraded Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Friday, February 28th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $154.15.
Read Our Latest Report on Sprouts Farmers Market
Hedge Funds Weigh In On Sprouts Farmers Market
A number of institutional investors have recently added to or reduced their stakes in SFM. Accent Capital Management LLC acquired a new position in shares of Sprouts Farmers Market in the third quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $31,000. GeoWealth Management LLC boosted its stake in shares of Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after buying an additional 142 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after buying an additional 130 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after buying an additional 132 shares during the last quarter.
About Sprouts Farmers Market
(
Get Free Report)
Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, 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.
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