Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Dan J. Sanders sold 21,976 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $24.23, for a total value of $532,478.48. Following the completion of the sale, the chief operating officer now directly owns 36,771 shares of the company’s stock, valued at $890,961.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Sprouts Farmers Market, Inc. (NASDAQ SFM) traded down 0.41% on Tuesday, reaching $21.65. The company’s stock had a trading volume of 1,136,587 shares. Sprouts Farmers Market, Inc. has a 52 week low of $17.38 and a 52 week high of $25.98. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 25.44 and a beta of 0.50. The firm’s 50 day moving average price is $23.65 and its 200-day moving average price is $21.18.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Sprouts Farmers Market had a return on equity of 17.33% and a net margin of 2.97%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post $0.91 EPS for the current year.
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Large investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its position in Sprouts Farmers Market by 9.2% in the fourth quarter. Baird Financial Group Inc. now owns 12,419 shares of the company’s stock worth $235,000 after buying an additional 1,044 shares during the period. Comerica Bank boosted its position in Sprouts Farmers Market by 3.9% in the fourth quarter. Comerica Bank now owns 80,261 shares of the company’s stock worth $1,599,000 after buying an additional 2,984 shares during the period. Russell Investments Group Ltd. purchased a new position in Sprouts Farmers Market during the fourth quarter worth about $404,000. D.A. Davidson & CO. boosted its position in Sprouts Farmers Market by 60.5% in the third quarter. D.A. Davidson & CO. now owns 383,575 shares of the company’s stock worth $7,919,000 after buying an additional 144,548 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new position in Sprouts Farmers Market during the third quarter worth about $605,000. 91.41% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on SFM shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Sprouts Farmers Market in a research note on Wednesday, March 15th. Zacks Investment Research upgraded Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. Wells Fargo & Co reiterated a “buy” rating on shares of Sprouts Farmers Market in a report on Tuesday, March 21st. Gordon Haskett began coverage on Sprouts Farmers Market in a report on Tuesday, May 9th. They set an “accumulate” rating and a $27.00 price target for the company. Finally, BMO Capital Markets cut Sprouts Farmers Market from an “outperform” rating to a “market perform” rating and raised their target price for the company from $21.83 to $24.00 in a report on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $24.95.
About Sprouts Farmers Market
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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