Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Sells $392,400.00 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joe Fortunato sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $78.48, for a total transaction of $392,400.00. Following the transaction, the director now directly owns 52,966 shares of the company’s stock, valued at $4,156,771.68. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, March 4th, Joe Fortunato sold 13,000 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $63.71, for a total value of $828,230.00.

Sprouts Farmers Market Trading Up 2.6 %

Shares of SFM opened at $82.78 on Friday. Sprouts Farmers Market, Inc. has a twelve month low of $32.12 and a twelve month high of $82.96. The firm has a market capitalization of $8.32 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 3.16 and a beta of 0.50. The company has a current ratio of 1.19, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $68.32 and its 200 day simple moving average is $56.62.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the business posted $0.98 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. BMO Capital Markets increased their price objective on Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a research note on Thursday, May 2nd. Wells Fargo & Company boosted their price objective on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, May 9th. Evercore ISI boosted their price target on Sprouts Farmers Market from $68.00 to $70.00 and gave the company an “in-line” rating in a report on Tuesday, May 14th. Finally, Bank of America upgraded Sprouts Farmers Market from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $57.25.

Institutional Investors Weigh In On Sprouts Farmers Market

Several institutional investors have recently bought and sold shares of the business. VisionPoint Advisory Group LLC acquired a new stake in shares of Sprouts Farmers Market in the third quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in Sprouts Farmers Market in the first quarter valued at approximately $26,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at approximately $36,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Sprouts Farmers Market during the fourth quarter worth $38,000. Finally, GAMMA Investing LLC purchased a new position in shares of Sprouts Farmers Market in the fourth quarter valued at $43,000.

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.