Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Sells $104,223.00 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Douglas Gregory Rauch sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the sale, the director now directly owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $147.79 on Friday. The company has a market capitalization of $14.78 billion, a price-to-earnings ratio of 42.71, a PEG ratio of 2.25 and a beta of 0.58. Sprouts Farmers Market, Inc. has a 1-year low of $46.74 and a 1-year high of $155.64. The business has a 50 day moving average of $135.11 and a 200 day moving average of $106.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company posted $0.65 EPS. Sprouts Farmers Market’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Royal Bank of Canada started coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price for the company. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price on the stock. Evercore ISI boosted their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and a consensus price target of $118.40.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SFM. Accent Capital Management LLC purchased a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $25,000. Crewe Advisors LLC raised its stake in Sprouts Farmers Market by 223.5% during the second 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 last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market in the second quarter worth $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Sprouts Farmers Market in the third quarter worth $38,000. Finally, Quarry LP increased its holdings in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after acquiring an additional 442 shares in the last quarter.

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.