Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) Director Joe Fortunato sold 5,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the sale, the director now directly owns 28,571 shares of the company's stock, valued at $4,137,080.80. This represents a 14.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Sprouts Farmers Market Price Performance
Shares of Sprouts Farmers Market stock opened at $136.97 on Friday. The stock has a 50 day moving average of $150.11 and a 200 day moving average of $132.66. Sprouts Farmers Market, Inc. has a 12 month low of $60.46 and a 12 month high of $178.99. The firm has a market cap of $13.50 billion, a PE ratio of 36.43, a PEG ratio of 2.31 and a beta of 0.63. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.
Institutional Investors Weigh In On Sprouts Farmers Market
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Sprouts Farmers Market by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company's stock worth $1,347,554,000 after buying an additional 56,652 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Sprouts Farmers Market by 0.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company's stock worth $567,322,000 after buying an additional 24,000 shares during the period. Geode Capital Management LLC raised its holdings in shares of Sprouts Farmers Market by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company's stock worth $275,634,000 after buying an additional 56,161 shares during the period. Marshall Wace LLP raised its holdings in shares of Sprouts Farmers Market by 10.1% in the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company's stock worth $234,231,000 after buying an additional 168,605 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Sprouts Farmers Market by 22.9% in the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company's stock worth $201,139,000 after buying an additional 294,553 shares during the period.
Wall Street Analyst Weigh In
Several research firms have issued reports on SFM. Jefferies Financial Group boosted their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Bank of America boosted their price target on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Northcoast Research raised Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a report on Friday, February 28th. The Goldman Sachs Group upped their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company upped their price objective on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $154.00.
Check Out Our Latest Research Report on Sprouts Farmers Market
Sprouts Farmers Market Company Profile
(
Get Free Report)
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.
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