Sprouts Farmers Market Inc (NASDAQ:SFM) was the target of unusually large options trading on Thursday. Stock traders bought 21,662 call options on the stock. This represents an increase of 1,683% compared to the average daily volume of 1,215 call options.
Several research firms have recently commented on SFM. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research report on Monday, November 20th. BidaskClub upgraded Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Goldman Sachs Group reiterated a “sell” rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, November 14th. Wolfe Research upgraded Sprouts Farmers Market to an “outperform” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Saturday, November 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $24.28.
Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at $23.66 on Friday. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $25.98. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $3,111.19, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.08 and a beta of 0.65.
In other news, insider Daniel Bruni purchased 15,000 shares of the stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of $19.00 per share, for a total transaction of $285,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James Leroy Nielsen sold 110,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $23.17, for a total value of $2,548,700.00. Following the transaction, the chief operating officer now owns 207,108 shares of the company’s stock, valued at $4,798,692.36. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SFM. Teachers Advisors LLC raised its stake in Sprouts Farmers Market by 1.3% in the first quarter. Teachers Advisors LLC now owns 217,337 shares of the company’s stock valued at $5,025,000 after buying an additional 2,767 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Sprouts Farmers Market by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 828,926 shares of the company’s stock valued at $19,163,000 after buying an additional 44,083 shares in the last quarter. Capstone Asset Management Co. raised its stake in Sprouts Farmers Market by 0.9% in the second quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock valued at $310,000 after buying an additional 120 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Sprouts Farmers Market by 4.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 50,917 shares of the company’s stock valued at $1,154,000 after buying an additional 2,030 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in Sprouts Farmers Market by 16.6% in the second quarter. LS Investment Advisors LLC now owns 10,188 shares of the company’s stock valued at $231,000 after buying an additional 1,453 shares in the last quarter. Institutional investors own 90.11% of the company’s stock.
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Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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