Stacy W. Hilgendorf Sells 1,904 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP Stacy W. Hilgendorf sold 1,904 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $101.12, for a total transaction of $192,532.48. Following the completion of the transaction, the vice president now directly owns 10,237 shares in the company, valued at approximately $1,035,165.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sprouts Farmers Market Trading Down 3.1 %

Shares of SFM traded down $3.09 during mid-day trading on Friday, reaching $97.67. 1,477,020 shares of the company’s stock traded hands, compared to its average volume of 1,373,229. Sprouts Farmers Market, Inc. has a 12 month low of $37.10 and a 12 month high of $103.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.65. The stock has a market cap of $9.78 billion, a P/E ratio of 33.68, a P/E/G ratio of 2.84 and a beta of 0.55. The stock’s 50-day moving average is $81.83 and its two-hundred day moving average is $68.85.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company posted $0.71 EPS. Sprouts Farmers Market’s quarterly revenue was up 12.3% on a year-over-year basis. Research analysts forecast that Sprouts Farmers Market, Inc. will post 3.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SFM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday. Wells Fargo & Company raised shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $62.00 to $90.00 in a report on Tuesday. Oppenheimer reaffirmed a “market perform” rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. BMO Capital Markets raised shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and upped their price target for the company from $40.00 to $102.00 in a research note on Tuesday. Finally, Bank of America upped their price target on shares of Sprouts Farmers Market from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.11.

Institutional Trading of Sprouts Farmers Market

Hedge funds and other institutional investors have recently bought and sold shares of the business. Crewe Advisors LLC increased its stake in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sprouts Farmers Market during the second quarter valued at $29,000. Rise Advisors LLC purchased a new position in shares of Sprouts Farmers Market during the first quarter valued at $26,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Sprouts Farmers Market during the first quarter valued at $36,000. Finally, Hanseatic Management Services Inc. purchased a new position in shares of Sprouts Farmers Market during the second quarter valued at $63,000.

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.