Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Sells $776,710.10 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joe Fortunato sold 7,895 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $98.38, for a total value of $776,710.10. Following the transaction, the director now owns 45,071 shares of the company’s stock, valued at $4,434,084.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Joe Fortunato also recently made the following trade(s):

• On Tuesday, May 21st, Joe Fortunato sold 5,000 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $78.48, for a total value of $392,400.00.

Sprouts Farmers Market Stock Performance

SFM opened at $97.67 on Monday. The business has a fifty day simple moving average of $82.13 and a 200-day simple moving average of $69.44. The firm has a market cap of $9.78 billion, a PE ratio of 33.68, a P/E/G ratio of 2.86 and a beta of 0.55. The company has a quick ratio of 0.65, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $103.80.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the business posted $0.71 EPS. Sprouts Farmers Market’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 3.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors have recently bought and sold shares of the business. Rise Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $26,000. Crewe Advisors LLC increased its stake in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at $36,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at $38,000.

Analyst Ratings Changes

A number of research analysts have recently commented on SFM shares. Bank of America raised their price target on Sprouts Farmers Market from $84.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Roth Mkm boosted their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $40.00 to $102.00 in a report on Tuesday, July 30th. Finally, UBS Group increased their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $93.38.

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.