Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Sells $657,462.96 in Stock

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

Sprouts Farmers Market Price Performance

SFM opened at $140.65 on Friday. The stock’s 50-day moving average price is $113.03 and its 200 day moving average price is $93.40. Sprouts Farmers Market, Inc. has a 12-month low of $39.98 and a 12-month high of $142.29. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 1.99 and a beta of 0.54. 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) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFM. Cetera Advisors LLC acquired a new stake in shares of Sprouts Farmers Market in the first quarter valued at $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Sprouts Farmers Market by 8.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock worth $39,748,000 after purchasing an additional 48,225 shares during the period. Inspire Investing LLC increased its holdings in Sprouts Farmers Market by 78.8% during the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock worth $1,684,000 after purchasing an additional 11,508 shares during the period. Ritholtz Wealth Management raised its position in Sprouts Farmers Market by 59.8% in the 2nd quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock valued at $1,405,000 after purchasing an additional 6,286 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $1,643,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SFM. Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target for the company. Evercore ISI raised their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets increased their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Monday. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $115.40.

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.