Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Dustin Hamilton Sells 921 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $113.60, for a total transaction of $104,625.60. Following the completion of the transaction, the insider now owns 25,251 shares in the company, valued at approximately $2,868,513.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Dustin Hamilton also recently made the following trade(s):

• On Monday, September 9th, Dustin Hamilton sold 1,997 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $99.20, for a total transaction of $198,102.40.
• On Tuesday, August 27th, Dustin Hamilton sold 5,097 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $102.00, for a total transaction of $519,894.00.
• On Wednesday, August 21st, Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock traded up $1.55 during trading hours on Tuesday, hitting $116.87. 933,907 shares of the company traded hands, compared to its average volume of 1,321,577. The firm has a market cap of $11.70 billion, a P/E ratio of 36.64, a P/E/G ratio of 3.21 and a beta of 0.56. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $104.22 and its two-hundred day simple moving average is $86.55. Sprouts Farmers Market, Inc. has a 1-year low of $39.76 and a 1-year high of $117.43.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.78 by $0.16. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. Sprouts Farmers Market’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. As a group, analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Melius Research began coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective on the stock. Wells Fargo & Company raised shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $62.00 to $90.00 in a report on Tuesday, July 30th. BMO Capital Markets raised shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $40.00 to $102.00 in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $99.80.

Hedge Funds Weigh In On Sprouts Farmers Market

Several large investors have recently bought and sold shares of the stock. Cetera Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Sprouts Farmers Market by 8.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock worth $39,748,000 after purchasing an additional 48,225 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Sprouts Farmers Market by 78.8% in the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock worth $1,684,000 after purchasing an additional 11,508 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Sprouts Farmers Market by 59.8% in the 2nd quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock worth $1,405,000 after purchasing an additional 6,286 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its stake in shares of Sprouts Farmers Market by 14.1% in the 1st quarter. Hennessy Advisors Inc. now owns 569,000 shares of the company’s stock worth $36,689,000 after purchasing an additional 70,300 shares during the last quarter.

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.