Sprouts Farmers Market Inc (NASDAQ:SFM) Director Shon A. Boney sold 848,409 shares of Sprouts Farmers Market stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total transaction of $20,972,670.48. Following the completion of the transaction, the director now directly owns 478,965 shares in the company, valued at $11,840,014.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Sprouts Farmers Market Inc (NASDAQ SFM) opened at $25.47 on Friday. Sprouts Farmers Market Inc has a 52 week low of $17.38 and a 52 week high of $25.98. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $3,308.14, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67.
Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. equities analysts anticipate that Sprouts Farmers Market Inc will post 1 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Sprouts Farmers Market by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 10,568,169 shares of the company’s stock valued at $239,580,000 after acquiring an additional 104,072 shares during the last quarter. BlackRock Inc. raised its holdings in Sprouts Farmers Market by 0.8% during the 2nd quarter. BlackRock Inc. now owns 10,286,759 shares of the company’s stock valued at $233,201,000 after buying an additional 81,799 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Sprouts Farmers Market by 0.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,758,862 shares of the company’s stock valued at $70,554,000 after buying an additional 13,791 shares during the period. Bank of New York Mellon Corp raised its holdings in Sprouts Farmers Market by 8.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,701,231 shares of the company’s stock valued at $69,472,000 after buying an additional 280,083 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Sprouts Farmers Market by 79.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock valued at $58,344,000 after buying an additional 1,137,200 shares during the period. Institutional investors and hedge funds own 89.68% of the company’s stock.
A number of brokerages have recently commented on SFM. Zacks Investment Research cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets set a $26.00 target price on shares of Sprouts Farmers Market and gave the company a “hold” rating in a report on Wednesday. Stephens set a $25.00 price target on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Wednesday. Susquehanna Bancshares set a $30.00 price target on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Thursday. Finally, BidaskClub cut shares of Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.89.
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Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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