Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joseph D. O’leary Sells 2,000 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joseph D. O’leary sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $159.40, for a total value of $318,800.00. Following the sale, the director now owns 17,931 shares in the company, valued at $2,858,201.40. The trade was a 10.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Sprouts Farmers Market Trading Up 0.0%

Shares of SFM stock opened at $158.48 on Thursday. Sprouts Farmers Market, Inc. has a 12-month low of $74.15 and a 12-month high of $178.99. The company has a market capitalization of $15.51 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The firm has a 50 day moving average price of $154.45 and a two-hundred day moving average price of $148.83. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the firm posted $1.12 EPS. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Analysts Set New Price Targets

SFM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their price target for the stock from $163.00 to $190.00 in a research report on Monday, March 17th. UBS Group boosted their target price on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Roth Capital set a $155.00 price objective on shares of Sprouts Farmers Market and gave the company a “neutral” rating in a research report on Thursday, May 1st. Finally, Royal Bank of Canada boosted their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and a consensus price target of $167.79.

Institutional Trading of Sprouts Farmers Market

Several hedge funds and other institutional investors have recently bought and sold shares of SFM. Whipplewood Advisors LLC raised its position in shares of Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock valued at $29,000 after buying an additional 92 shares in the last quarter. Dogwood Wealth Management LLC acquired a new position in Sprouts Farmers Market in the 1st quarter valued at $30,000. Truvestments Capital LLC bought a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at $35,000. SVB Wealth LLC acquired a new stake in shares of Sprouts Farmers Market during the 1st quarter worth $36,000. Finally, Brooklyn Investment Group increased its position in shares of Sprouts Farmers Market by 12,100.0% in the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after purchasing an additional 242 shares during the period.

About Sprouts Farmers Market

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.