Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Terri F. Graham Sells 1,278 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Terri F. Graham sold 1,278 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $180.00, for a total transaction of $230,040.00. Following the completion of the transaction, the director now owns 32,910 shares of the company’s stock, valued at $5,923,800. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Sprouts Farmers Market Trading Down 2.3%

Sprouts Farmers Market stock opened at $171.14 on Thursday. The firm’s 50-day moving average is $162.49 and its 200-day moving average is $152.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a 1 year low of $74.15 and a 1 year high of $182.00. The company has a market cap of $16.75 billion, a P/E ratio of 45.52, a PEG ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the firm posted $1.12 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Institutional Trading of Sprouts Farmers Market

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Sprouts Farmers Market by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after acquiring an additional 77 shares during the period. Greenleaf Trust increased its holdings in shares of Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after acquiring an additional 80 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Sprouts Farmers Market by 1.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company’s stock worth $1,099,000 after acquiring an additional 84 shares during the period. Whipplewood Advisors LLC increased its holdings in shares of Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock worth $29,000 after acquiring an additional 92 shares during the period. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Sprouts Farmers Market by 0.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock worth $3,896,000 after acquiring an additional 95 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Friday, February 28th. Jefferies Financial Group increased their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. BMO Capital Markets increased their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Bank of America increased their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and an average target price of $167.79.

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.