Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Sells $1,527,660.00 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joe Fortunato sold 11,500 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.84, for a total value of $1,527,660.00. Following the completion of the transaction, the director now owns 33,571 shares in the company, valued at approximately $4,459,571.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $136.09 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The business’s 50-day simple moving average is $111.49 and its two-hundred day simple moving average is $92.73. The stock has a market cap of $13.61 billion, a PE ratio of 39.33, a P/E/G ratio of 1.98 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 52 week low of $39.98 and a 52 week high of $136.23.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Sprouts Farmers Market

Several large investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its holdings in shares of Sprouts Farmers Market by 90.3% in the third quarter. Oppenheimer & Co. Inc. now owns 14,071 shares of the company’s stock worth $1,554,000 after purchasing an additional 6,675 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Sprouts Farmers Market by 34.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 4,462 shares of the company’s stock worth $493,000 after purchasing an additional 1,135 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Sprouts Farmers Market in the third quarter worth about $1,942,000. Entropy Technologies LP increased its holdings in shares of Sprouts Farmers Market by 196.3% in the third quarter. Entropy Technologies LP now owns 17,772 shares of the company’s stock worth $1,962,000 after purchasing an additional 11,775 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 14.2% in the third quarter. Apollon Wealth Management LLC now owns 3,185 shares of the company’s stock worth $352,000 after purchasing an additional 397 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SFM. Melius Research began coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. The Goldman Sachs Group lifted their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Roth Mkm lifted their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada began coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $115.40.

About Sprouts Farmers Market

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.