Sprouts Farmers Market Inc (SFM) Insider Sells $1,414,000.00 in Stock

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Sprouts Farmers Market Inc (NASDAQ:SFM) insider Brandon F. Lombardi sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $28.28, for a total value of $1,414,000.00. Following the completion of the transaction, the insider now owns 93,581 shares in the company, valued at approximately $2,646,470.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ SFM traded up $1.07 during mid-day trading on Friday, reaching $28.52. 3,090,570 shares of the company’s stock were exchanged, compared to its average volume of 1,454,173. The firm has a market cap of $3.49 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.04 and a quick ratio of 0.25. Sprouts Farmers Market Inc has a twelve month low of $17.55 and a twelve month high of $28.76.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Sprouts Farmers Market had a return on equity of 25.56% and a net margin of 3.62%. Sprouts Farmers Market’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 earnings per share. equities analysts anticipate that Sprouts Farmers Market Inc will post 1.26 EPS for the current year.

Several equities analysts have weighed in on the company. BidaskClub raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. ValuEngine lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Friday, June 29th. BMO Capital Markets reissued a “hold” rating and issued a $25.00 target price (up previously from $23.00) on shares of Sprouts Farmers Market in a research note on Friday, August 3rd. Loop Capital set a $24.00 target price on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Tuesday, July 17th. Finally, Susquehanna Bancshares set a $27.00 target price on Sprouts Farmers Market and gave the company a “buy” rating in a research note on Monday, May 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $26.47.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFM. Oppenheimer & Co. Inc. acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth about $1,192,000. Mackay Shields LLC acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth about $3,517,000. Meeder Asset Management Inc. raised its position in shares of Sprouts Farmers Market by 61.3% during the first quarter. Meeder Asset Management Inc. now owns 8,712 shares of the company’s stock worth $204,000 after purchasing an additional 3,310 shares during the period. Trexquant Investment LP acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth about $1,488,000. Finally, Victory Capital Management Inc. raised its position in shares of Sprouts Farmers Market by 6,484.3% during the first quarter. Victory Capital Management Inc. now owns 505,019 shares of the company’s stock worth $11,853,000 after purchasing an additional 497,349 shares during the period. 95.46% of the stock is currently owned by institutional investors.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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