Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Sells 1,000 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Douglas Gregory Rauch sold 1,000 shares of Sprouts Farmers Market stock in a transaction on Friday, May 16th. The shares were sold at an average price of $167.16, for a total value of $167,160.00. Following the transaction, the director now owns 8,598 shares in the company, valued at $1,437,241.68. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Douglas Gregory Rauch also recently made the following trade(s):

• On Thursday, March 20th, Douglas Gregory Rauch sold 1,000 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $140.25, for a total value of $140,250.00.

Sprouts Farmers Market Price Performance

Shares of SFM stock traded up $0.25 on Monday, reaching $168.93. The company’s stock had a trading volume of 876,366 shares, compared to its average volume of 1,447,170. The stock’s fifty day simple moving average is $156.32 and its 200-day simple moving average is $150.09. Sprouts Farmers Market, Inc. has a 1 year low of $74.15 and a 1 year high of $178.99. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 44.93, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. 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 posted its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the firm posted $1.12 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sprouts Farmers Market

Hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its holdings in Sprouts Farmers Market by 128.3% in the 3rd quarter. Barclays PLC now owns 199,035 shares of the company’s stock valued at $21,975,000 after purchasing an additional 111,838 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Sprouts Farmers Market by 22.6% in the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock valued at $79,000 after purchasing an additional 114 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Sprouts Farmers Market by 82.2% in the fourth quarter. Park Avenue Securities LLC now owns 4,627 shares of the company’s stock valued at $588,000 after buying an additional 2,087 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $335,000. Finally, Ameritas Advisory Services LLC increased its holdings in Sprouts Farmers Market by 5.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 6,828 shares of the company’s stock valued at $868,000 after buying an additional 383 shares in the last quarter.

Analyst Upgrades and Downgrades

SFM has been the topic of several analyst reports. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. The Goldman Sachs Group raised their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Royal Bank of Canada increased their target price on Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $167.79.

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.