Sprouts Farmers Market Inc (NASDAQ:SFM) Director Shon A. Boney sold 848,409 shares of the stock in a transaction dated 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 transaction, the director now directly owns 478,965 shares of the company’s stock, valued at approximately $11,840,014.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Sprouts Farmers Market Inc (SFM) traded down $0.35 on Friday, hitting $24.23. 3,346,200 shares of the stock were exchanged, compared to its average volume of 2,609,033. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $3,220.00, a price-to-earnings ratio of 24.98, a PEG ratio of 1.96 and a beta of 0.67. Sprouts Farmers Market Inc has a twelve month low of $17.38 and a twelve month high of $25.98.
Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm posted $0.16 EPS. Sprouts Farmers Market’s quarterly revenue was up 16.4% on a year-over-year basis. analysts expect that Sprouts Farmers Market Inc will post 0.99 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC grew its position in Sprouts Farmers Market by 1,093.0% in the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after buying an additional 4,864 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Sprouts Farmers Market by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock valued at $175,000 after acquiring an additional 1,161 shares during the period. Seven Eight Capital LP acquired a new stake in Sprouts Farmers Market in the second quarter valued at $193,000. Harvest Management LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at $188,000. Finally, Sadoff Investment Management LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at $223,000. Hedge funds and other institutional investors own 89.68% of the company’s stock.
SFM has been the topic of several research reports. SunTrust Banks reissued a “buy” rating and set a $27.00 price target on shares of Sprouts Farmers Market in a research report on Friday, September 15th. Jefferies Group reduced their price target on shares of Sprouts Farmers Market from $26.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Loop Capital reduced their price target on shares of Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. BidaskClub cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Finally, Zacks Investment Research cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.28.
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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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