Sprouts Farmers Market Inc (NASDAQ:SFM) was the recipient of a significant decline in short interest in the month of December. As of December 29th, there was short interest totalling 14,681,701 shares, a decline of 12.6% from the December 15th total of 16,800,087 shares. Approximately 11.8% of the shares of the company are sold short. Based on an average daily volume of 1,046,915 shares, the days-to-cover ratio is presently 14.0 days.
In other news, insider Theodore Edward Frumkin II sold 36,667 shares of Sprouts Farmers Market stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $23.93, for a total transaction of $877,441.31. Following the completion of the sale, the insider now owns 58,912 shares of the company’s stock, valued at $1,409,764.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandon F. Lombardi sold 8,557 shares of Sprouts Farmers Market stock in a transaction on Friday, January 12th. The stock was sold at an average price of $25.74, for a total value of $220,257.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,015,934 shares of company stock valued at $24,918,352. Company insiders own 2.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Sprouts Farmers Market by 1.0% in the second 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. grew its position in Sprouts Farmers Market by 0.8% in the second quarter. BlackRock Inc. now owns 10,286,759 shares of the company’s stock valued at $233,201,000 after acquiring an additional 81,799 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Sprouts Farmers Market by 0.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,758,862 shares of the company’s stock worth $70,554,000 after purchasing an additional 13,791 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Sprouts Farmers Market by 8.2% during the third quarter. Bank of New York Mellon Corp now owns 3,701,231 shares of the company’s stock worth $69,472,000 after purchasing an additional 280,083 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Sprouts Farmers Market by 79.2% during the second quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock worth $58,344,000 after purchasing an additional 1,137,200 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.
Sprouts Farmers Market (SFM) opened at $25.96 on Thursday. The company has a market capitalization of $3,450.00, a PE ratio of 26.76, a P/E/G ratio of 2.07 and a beta of 0.67. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $26.22. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23.
Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $0.16 earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. equities analysts expect that Sprouts Farmers Market will post 1 EPS for the current year.
A number of equities research analysts have recently weighed in on SFM shares. BidaskClub raised Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Wolfe Research raised Sprouts Farmers Market to an “outperform” rating in a report on Thursday, November 9th. Susquehanna Bancshares started coverage on Sprouts Farmers Market in a report on Monday, October 16th. They set a “positive” rating and a $23.00 target price for the company. Loop Capital dropped their target price on Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Finally, BMO Capital Markets set a $26.00 target price on Sprouts Farmers Market and gave the stock a “hold” rating in a report on Wednesday, January 10th. Two investment 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’s stock. Sprouts Farmers Market has a consensus rating of “Hold” and an average target price of $25.00.
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About Sprouts Farmers Market
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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