Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP sells stock for $13,719.35
Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) Vice President Stacy W. Hilgendorf sold 445 shares in a trade Thursday, March 10. The stock was sold at an average price of $30.83, for a total value of $13,719.35. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website.
Sprouts Farmers Market shares were down $1.32 midday Friday, hitting $31.01. 1,554,351 shares of the company were traded, against an average volume of 2,077,382. The company has a market capitalization of $3.44 billion, a PE ratio of 14.77, a growth price/earnings ratio of 2.09 and a beta of 0.30. Sprouts Farmers Market, Inc. has a fifty-two-week low of $21.18 and a fifty-two-week high of $34.97. The company has a fifty-day simple moving average of $29.28 and a two-hundred-day simple moving average of $26.21. The company has a debt ratio of 0.27, a quick ratio of 0.59 and a current ratio of 1.11.
Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last released quarterly earnings data on Thursday, February 24. The company reported EPS of $0.32 for the quarter, beating the consensus estimate of $0.30 by $0.02. Sprouts Farmers Market posted a return on equity of 25.41% and a net margin of 4.00%. The company posted revenue of $1.49 billion for the quarter, compared to analysts’ estimates of $1.47 billion. During the same period last year, the company earned earnings per share of $0.59. Sprouts Farmers Market quarterly revenue decreased 6.8% from the same quarter last year. As a group, stock analysts expect Sprouts Farmers Market, Inc. to post earnings per share of 2.22 for the current year.
SFM has been the subject of a number of analyst reports. Credit Suisse Group raised its price target on Sprouts Farmers Market from $25.00 to $30.00 and gave the stock a “neutral” rating in a Monday, Feb. 28 research note. JPMorgan Chase & Co. raised its price target on Sprouts Farmers Market from $26.00 to $31.00 in a Friday, February 25 research note. Gordon Haskett raised his price target on Sprouts Farmers Market from $22.00 to $25.00 in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft raised its price target on the sprout grower market from $33.00 to $34.00 and gave the stock a “buy” rating in a Wednesday, February 23 research note. . Two investment analysts have assigned the stock a sell rating, three have issued a hold rating and one has assigned the stock a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.83.
Institutional investors and hedge funds have recently changed their stakes in the company. Jupiter Asset Management Ltd. increased its holdings in Sprouts Farmers Market by 437.5% in the third quarter. Jupiter Asset Management Ltd. now owns 1,452,940 shares of the company valued at $33,665,000 after purchasing an additional 1,182,631 shares during the period. Goldman Sachs Group Inc. increased its position in Sprouts Farmers Market shares by 10.9% in the third quarter. Goldman Sachs Group Inc. now owns 1,107,147 shares of the company valued at $25,652,000 after acquiring an additional 108,761 shares last quarter. Dimensional Fund Advisors LP raised its position in Sprouts Farmers Market shares by 4.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,967,391 shares of the company valued at $68,758,000 after acquiring an additional 127,264 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Sprouts Farmers Market shares by 18.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 22,132 shares of the company valued at $513,000 after acquiring 3,435 additional shares in the last quarter. Finally, Bank of America Corp DE increased its position in Sprouts Farmers Market shares by 34.9% in the second quarter. Bank of America Corp DE now owns 548,243 shares of the company valued at $13,624,000 after acquiring an additional 141,884 shares last quarter.
Sprouts Farmers Market Company Profile (Get an assessment)
Sprouts Farmers Markets, Inc is committed to the operation of healthy grocery stores. The company specializes in fresh, natural and organic products. Its products include fresh produce, bulk food, vitamins and supplements, groceries, meat and seafood, deli, bakery, dairy, frozen food, body care and natural household items.
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