Brandon F. Lombardi Sells 5,174 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Brandon F. Lombardi sold 5,174 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $74.97, for a total transaction of $387,894.78. Following the sale, the insider now owns 6,052 shares in the company, valued at approximately $453,718.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sprouts Farmers Market Stock Down 0.1 %

NASDAQ SFM opened at $74.59 on Friday. Sprouts Farmers Market, Inc. has a one year low of $32.12 and a one year high of $75.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. The business has a fifty day moving average price of $65.01 and a 200 day moving average price of $53.76. The company has a market cap of $7.49 billion, a P/E ratio of 25.72, a P/E/G ratio of 2.64 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB increased its holdings in shares of Sprouts Farmers Market by 614.5% in the fourth quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock valued at $146,359,000 after purchasing an additional 2,614,241 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Sprouts Farmers Market by 411.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after acquiring an additional 1,237,610 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Sprouts Farmers Market during the 4th quarter valued at about $23,992,000. California Public Employees Retirement System purchased a new stake in shares of Sprouts Farmers Market in the third quarter valued at about $20,524,000. Finally, Goldman Sachs Group Inc. increased its position in Sprouts Farmers Market by 36.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock worth $71,135,000 after purchasing an additional 398,901 shares during the last quarter.

Analysts Set New Price Targets

SFM has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a report on Thursday, May 2nd. The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Evercore ISI dropped their price target on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Finally, Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.13.

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.