Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Brandon F. Lombardi Sells 5,174 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Brandon F. Lombardi sold 5,174 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $74.97, for a total transaction of $387,894.78. Following the sale, the insider now owns 6,052 shares of the company’s stock, valued at approximately $453,718.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sprouts Farmers Market Stock Performance

SFM stock opened at $74.66 on Thursday. The company has a market capitalization of $7.50 billion, a P/E ratio of 25.74, a PEG ratio of 2.64 and a beta of 0.50. The company has a 50-day simple moving average of $64.76 and a 200 day simple moving average of $53.62. Sprouts Farmers Market, Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $75.95. The company has a quick ratio of 0.65, a current ratio of 1.19 and a debt-to-equity ratio of 0.11.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company earned $0.98 EPS. Sprouts Farmers Market’s revenue was up 8.7% on a year-over-year basis. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday, April 29th. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $53.50.

Institutional Trading of Sprouts Farmers Market

Several institutional investors and hedge funds have recently bought and sold shares of SFM. VisionPoint Advisory Group LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at about $25,000. Rise Advisors LLC acquired a new position in Sprouts Farmers Market in the first quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC acquired a new stake in Sprouts Farmers Market in the first quarter valued at approximately $36,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Sprouts Farmers Market in the fourth quarter worth approximately $38,000. Finally, GAMMA Investing LLC acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth $43,000.

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.