Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) insider John Scott Neal sold 3,636 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $38.10, for a total value of $138,531.60. Following the sale, the insider now owns 48,445 shares in the company, valued at approximately $1,845,754.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Sprouts Farmers Market Stock Performance
NASDAQ SFM traded up $0.57 during mid-day trading on Friday, reaching $38.48. 1,090,456 shares of the stock were exchanged, compared to its average volume of 1,561,510. The business’s 50 day moving average is $36.48 and its 200-day moving average is $34.75. Sprouts Farmers Market, Inc. has a 1 year low of $26.34 and a 1 year high of $40.39. The company has a market capitalization of $3.93 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.47 and a beta of 0.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 1.18.
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.64 by $0.07. Sprouts Farmers Market had a return on equity of 27.23% and a net margin of 3.86%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the company earned $0.57 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 2.74 EPS for the current fiscal year.
Institutional Trading of Sprouts Farmers Market
A number of institutional investors and hedge funds have recently modified their holdings of SFM. Jones Financial Companies Lllp acquired a new position in Sprouts Farmers Market in the 2nd quarter valued at $32,000. Canada Pension Plan Investment Board purchased a new position in Sprouts Farmers Market in the 1st quarter worth approximately $35,000. Covestor Ltd lifted its stake in Sprouts Farmers Market by 13,150.0% in the 2nd quarter. Covestor Ltd now owns 1,060 shares of the company’s stock worth $39,000 after purchasing an additional 1,052 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in Sprouts Farmers Market in the 2nd quarter worth approximately $48,000. Finally, CWM LLC lifted its stake in Sprouts Farmers Market by 29.5% in the 4th quarter. CWM LLC now owns 1,956 shares of the company’s stock worth $63,000 after purchasing an additional 445 shares in the last quarter.
Analyst Ratings Changes
Several equities analysts recently issued reports on SFM shares. Evercore ISI upped their target price on Sprouts Farmers Market from $29.00 to $30.00 in a research report on Tuesday, May 2nd. Wells Fargo & Company upped their target price on Sprouts Farmers Market from $25.00 to $32.00 in a research report on Tuesday, May 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating and reduced their price target for the stock from $45.00 to $42.00 in a research report on Tuesday, July 25th. StockNews.com lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of Sprouts Farmers Market from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.63.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, together with its subsidiaries, retails fresh, natural, and organic food products in the United States. It provides perishable product categories, including fresh produce, meat, 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.