Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Sells 5,174 Shares of Stock

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

Sprouts Farmers Market Stock Performance

SFM traded down $0.11 during trading on Wednesday, hitting $74.66. The stock had a trading volume of 1,116,984 shares, compared to its average volume of 1,369,375. The company has a current ratio of 1.19, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. Sprouts Farmers Market, Inc. has a 12 month low of $32.12 and a 12 month high of $75.95. The company has a 50 day simple moving average of $64.51 and a 200-day simple moving average of $53.47. The firm has a market cap of $7.50 billion, a PE ratio of 25.74, a P/E/G ratio of 2.64 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 26.77% and a net margin of 4.25%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. Analysts expect that Sprouts Farmers Market, Inc. will post 3.1 EPS for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

Several large investors have recently bought and sold shares of the stock. VisionPoint Advisory Group LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter worth $25,000. Rise Advisors LLC bought a new stake in shares of Sprouts Farmers Market in the first quarter valued at about $26,000. Blue Bell Private Wealth Management LLC acquired a new stake in Sprouts Farmers Market during the first quarter worth about $36,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Sprouts Farmers Market during the fourth quarter valued at about $38,000. Finally, GAMMA Investing LLC acquired a new position in Sprouts Farmers Market in the 4th quarter valued at approximately $43,000.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Evercore ISI decreased their price target on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Wells Fargo & Company boosted their target price on Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. The Goldman Sachs Group raised their price target 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. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Finally, Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their target price for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $53.50.

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.