Joe Fortunato Sells 11,500 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joe Fortunato sold 11,500 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the transaction, the director now directly owns 33,571 shares of the company’s stock, valued at approximately $4,459,571.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sprouts Farmers Market Price Performance

SFM traded up $4.30 during trading on Tuesday, reaching $136.09. The company’s stock had a trading volume of 1,417,858 shares, compared to its average volume of 1,333,935. The company has a market cap of $13.61 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 1.98 and a beta of 0.54. The firm has a fifty day simple moving average of $110.82 and a two-hundred day simple moving average of $92.23. Sprouts Farmers Market, Inc. has a 1 year low of $39.98 and a 1 year high of $136.23. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping 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 company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

SFM has been the subject of a number of recent analyst reports. Roth Mkm lifted their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Wells Fargo & Company upped their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada started coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target for the company. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $115.40.

Institutional Investors Weigh In On Sprouts Farmers Market

Hedge funds and other institutional investors have recently bought and sold shares of the company. Crewe Advisors LLC increased its holdings in shares of Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sprouts Farmers Market during the second quarter worth $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market in the third quarter valued at $38,000. Quarry LP lifted its stake in shares of Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares during the last quarter. Finally, Waldron Private Wealth LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at $60,000.

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.