Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP Stacy W. Hilgendorf Sells 6,626 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP Stacy W. Hilgendorf sold 6,626 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $39.99, for a total transaction of $264,973.74. Following the completion of the sale, the vice president now directly owns 11,474 shares in the company, valued at approximately $458,845.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sprouts Farmers Market Trading Up 2.0 %

Shares of NASDAQ SFM opened at $40.59 on Friday. The company’s 50 day simple moving average is $38.84 and its 200 day simple moving average is $36.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.18 and a quick ratio of 0.58. Sprouts Farmers Market, Inc. has a fifty-two week low of $26.34 and a fifty-two week high of $41.28. The firm has a market capitalization of $4.14 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.56 and a beta of 0.40.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. Sprouts Farmers Market had a return on equity of 27.23% and a net margin of 3.86%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Sprouts Farmers Market, Inc. will post 2.74 EPS for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SFM. Jones Financial Companies Lllp acquired a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $32,000. Canada Pension Plan Investment Board bought a new stake in Sprouts Farmers Market in the first quarter valued at approximately $35,000. Covestor Ltd increased its stake in Sprouts Farmers Market by 13,150.0% in the second quarter. Covestor Ltd now owns 1,060 shares of the company’s stock valued at $39,000 after purchasing an additional 1,052 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Sprouts Farmers Market in the second quarter worth $48,000. Finally, West Tower Group LLC bought a new position in shares of Sprouts Farmers Market during the second quarter worth $65,000.

Analyst Upgrades and Downgrades

SFM has been the topic of several research analyst reports. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $32.00 to $33.00 and gave the stock an “underperform” rating in a research note on Friday, September 8th. StockNews.com started coverage on Sprouts Farmers Market in a report on Saturday, August 19th. They set a “hold” rating for the company. JPMorgan Chase & Co. boosted their price objective on Sprouts Farmers Market from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating and lowered their target price for the company from $45.00 to $42.00 in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.00.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, retails fresh, natural, and organic food products in the United States. It provides perishable product categories, including fresh produce, meat, 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.