Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Sells 20,851 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joel D. Anderson sold 20,851 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.16, for a total value of $2,005,032.16. Following the completion of the sale, the director now directly owns 18,809 shares of the company’s stock, valued at approximately $1,808,673.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sprouts Farmers Market Trading Up 0.4 %

Shares of NASDAQ SFM traded up $0.36 during trading hours on Friday, hitting $96.28. The company’s stock had a trading volume of 981,233 shares, compared to its average volume of 1,376,044. Sprouts Farmers Market, Inc. has a 12 month low of $37.16 and a 12 month high of $103.80. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of 33.20, a P/E/G ratio of 2.70 and a beta of 0.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. The business has a 50-day simple moving average of $83.34 and a 200-day simple moving average of $70.40.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SFM. Crewe Advisors LLC lifted its position in shares of Sprouts Farmers Market by 223.5% in 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. bought a new position in Sprouts Farmers Market in the second quarter worth about $29,000. Rise Advisors LLC bought a new position in Sprouts Farmers Market in the first quarter worth about $26,000. Blue Bell Private Wealth Management LLC purchased a new stake in Sprouts Farmers Market in the first quarter worth about $36,000. Finally, Hanseatic Management Services Inc. bought a new stake in Sprouts Farmers Market during the 2nd quarter valued at approximately $63,000.

Analyst Upgrades and Downgrades

SFM has been the subject of a number of recent research reports. BMO Capital Markets upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $40.00 to $102.00 in a report on Tuesday, July 30th. Bank of America upped their price target on shares of Sprouts Farmers Market from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Oppenheimer reiterated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Roth Mkm boosted their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Finally, UBS Group raised their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $93.38.

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.