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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joe Fortunato sold 11,500 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.84, for a total value of $1,527,660.00. Following the transaction, the director now directly owns 33,571 shares in the company, valued at $4,459,571.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM traded up $4.30 on Tuesday, hitting $136.09. 1,417,858 shares of the company were exchanged, compared to its average volume of 1,333,935. The firm has a market capitalization of $13.61 billion, a P/E ratio of 38.27, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 1-year low of $39.98 and a 1-year high of $136.23. The stock’s 50 day moving average price is $110.82 and its 200 day moving average price is $92.23.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently bought and sold shares of SFM. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at $1,942,000. Entropy Technologies LP lifted its position in Sprouts Farmers Market by 196.3% during the third quarter. Entropy Technologies LP now owns 17,772 shares of the company’s stock valued at $1,962,000 after purchasing an additional 11,775 shares during the period. Apollon Wealth Management LLC lifted its position in Sprouts Farmers Market by 14.2% during the third quarter. Apollon Wealth Management LLC now owns 3,185 shares of the company’s stock valued at $352,000 after purchasing an additional 397 shares during the period. Nations Financial Group Inc. IA ADV purchased a new stake in Sprouts Farmers Market in the third quarter valued at $225,000. Finally, Los Angeles Capital Management LLC raised its stake in shares of Sprouts Farmers Market by 5.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 38,690 shares of the company’s stock valued at $4,272,000 after buying an additional 1,851 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Roth Mkm raised their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. BMO Capital Markets lifted their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective for the company. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price on the stock. Finally, The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $115.40.

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.