Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joe Fortunato Sells 11,500 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joe Fortunato sold 11,500 shares of the stock in a transaction that occurred 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 sale, the director now owns 33,571 shares of the company’s stock, valued at approximately $4,459,571.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sprouts Farmers Market Stock Up 3.3 %

SFM stock opened at $136.09 on Wednesday. Sprouts Farmers Market, Inc. has a twelve month low of $39.98 and a twelve month high of $136.23. 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 firm has a market cap of $13.61 billion, a PE ratio of 39.33, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54. The business has a 50 day moving average of $111.49 and a 200 day moving average of $92.73.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. On average, research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price for the company. Evercore ISI increased their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Melius Research assumed coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price for the company. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $115.40.

Institutional Trading of Sprouts Farmers Market

A number of institutional investors and hedge funds have recently modified their holdings of SFM. Commonwealth Equity Services LLC increased its holdings in shares of Sprouts Farmers Market by 28.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 14,047 shares of the company’s stock worth $906,000 after purchasing an additional 3,095 shares in the last quarter. Norden Group LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth $802,000. Sequoia Financial Advisors LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth $223,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Sprouts Farmers Market by 14.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,657 shares of the company’s stock worth $4,556,000 after buying an additional 9,049 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Sprouts Farmers Market by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,183 shares of the company’s stock worth $1,366,000 after buying an additional 1,428 shares during the last quarter.

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.