Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Joseph L. Hurley Sells 4,956 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Joseph L. Hurley sold 4,956 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the transaction, the insider now directly owns 11,184 shares in the company, valued at $1,483,669.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM traded up $4.30 during trading on Tuesday, hitting $136.09. The company had a trading volume of 1,417,858 shares, compared to its average volume of 1,333,935. Sprouts Farmers Market, Inc. has a fifty-two week low of $39.98 and a fifty-two week 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 stock has a fifty day simple moving average of $110.82 and a two-hundred day simple moving average of $92.23. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (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 net margin of 4.73% and a return on equity of 28.24%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Institutional Trading of Sprouts Farmers Market

Institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in Sprouts Farmers Market by 28.3% during the first quarter. Commonwealth Equity Services LLC now owns 14,047 shares of the company’s stock worth $906,000 after buying an additional 3,095 shares during the period. Norden Group LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $802,000. Sequoia Financial Advisors LLC purchased a new position in shares of Sprouts Farmers Market during the 1st quarter worth approximately $223,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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 valued at $4,556,000 after purchasing an additional 9,049 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Sprouts Farmers Market by 7.2% in the first quarter. Janney Montgomery Scott LLC now owns 21,183 shares of the company’s stock valued at $1,366,000 after purchasing an additional 1,428 shares during the period.

Analyst Ratings Changes

Several brokerages have recently weighed in on SFM. Bank of America increased their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Melius Research assumed coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Roth Mkm boosted their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $115.40.

About Sprouts Farmers Market

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.