Joseph L. Hurley Sells 4,956 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Joseph L. Hurley sold 4,956 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the transaction, the insider now owns 11,184 shares of the company’s stock, valued at approximately $1,483,669.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $140.86 on Thursday. The business’s fifty day moving average is $112.27 and its 200 day moving average is $93.07. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 1.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a 52-week low of $39.98 and a 52-week high of $142.29.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. Research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Institutional Trading of Sprouts Farmers Market

Several institutional investors and hedge funds have recently bought and sold shares of SFM. Accent Capital Management LLC purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at about $25,000. Crewe Advisors LLC increased its position in shares of Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sprouts Farmers Market in the second quarter valued at approximately $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market in the third quarter valued at approximately $38,000. Finally, Quarry LP lifted its position in Sprouts Farmers Market by 1,425.8% during the second 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.

Wall Street Analyst Weigh In

SFM has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upped their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Bank of America raised their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Evercore ISI increased their price target on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and an average target price of $115.40.

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.