Sprouts Farmers Market Inc. (NASDAQ:SFM) insider Brandon F. Lombardi sold 22,959 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $21.03, for a total transaction of $482,827.77. Following the sale, the insider now owns 30,118 shares of the company’s stock, valued at $633,381.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sprouts Farmers Market Inc. (NASDAQ:SFM) opened at 22.29 on Tuesday. The stock has a 50 day moving average of $21.24 and a 200 day moving average of $22.69. The company has a market cap of $3.17 billion, a PE ratio of 25.07 and a beta of 0.67. Sprouts Farmers Market Inc. has a 52 week low of $18.70 and a 52 week high of $30.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, November 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.01. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 17.00%. The company earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm earned $0.21 EPS. Sprouts Farmers Market’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities research analysts predict that Sprouts Farmers Market Inc. will post $0.84 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. bought a new position in Sprouts Farmers Market during the first quarter valued at about $2,296,000. Pictet Asset Management Ltd. raised its position in Sprouts Farmers Market by 8.0% in the first quarter. Pictet Asset Management Ltd. now owns 48,990 shares of the company’s stock valued at $1,395,000 after buying an additional 3,617 shares during the period. Riverhead Capital Management LLC bought a new position in Sprouts Farmers Market during the first quarter valued at about $683,000. Geode Capital Management LLC raised its position in Sprouts Farmers Market by 2.4% in the first quarter. Geode Capital Management LLC now owns 916,990 shares of the company’s stock valued at $26,629,000 after buying an additional 21,592 shares during the period. Finally, Nuveen Asset Management LLC bought a new position in Sprouts Farmers Market during the first quarter valued at about $3,112,000. Institutional investors own 88.28% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Sprouts Farmers Market from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 9th. Guggenheim restated a “neutral” rating on shares of Sprouts Farmers Market in a report on Monday, November 7th. BMO Capital Markets reiterated a “buy” rating and set a $25.00 price target on shares of Sprouts Farmers Market in a report on Monday, November 7th. Jefferies Group reiterated a “buy” rating and set a $23.00 price target (down from $24.00) on shares of Sprouts Farmers Market in a report on Monday, November 7th. Finally, Bank of America Corp. set a $28.00 price target on shares of Sprouts Farmers Market and gave the company a “buy” rating in a report on Sunday, November 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the stock. Sprouts Farmers Market presently has an average rating of “Buy” and an average price target of $26.50.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.

5 Day Chart for NASDAQ:SFM

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