Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Sells $104,223.00 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the transaction, the director now directly owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Sprouts Farmers Market Price Performance

SFM stock opened at $147.79 on Monday. Sprouts Farmers Market, Inc. has a 52 week low of $46.74 and a 52 week high of $155.64. The firm has a market capitalization of $14.78 billion, a P/E ratio of 42.71, a price-to-earnings-growth ratio of 2.23 and a beta of 0.58. The company has a fifty day simple moving average of $135.11 and a two-hundred day simple moving average of $107.17. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $0.65 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. Analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Institutional Trading of Sprouts Farmers Market

Several hedge funds and other institutional investors have recently bought and sold shares of SFM. Accent Capital Management LLC purchased a new position in Sprouts Farmers Market during the third quarter worth $25,000. Crewe Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sprouts Farmers Market during the 2nd quarter worth about $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter worth about $38,000. Finally, Quarry LP lifted its stake in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on SFM shares. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. BMO Capital Markets upped their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Royal Bank of Canada started coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price for the company. Finally, Melius Research assumed coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $118.40.

Sprouts Farmers Market Company Profile

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.