Joseph D. O'leary Sells 2,937 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Key Points

• Joseph D. O'leary, a director at Sprouts Farmers Market, sold 2,937 shares at an average price of $150.07, reflecting a 16.38% decrease in his holdings, which now total approximately $2.25 million.
• Sprouts Farmers Market reported a quarterly earnings of $1.35 per share, exceeding estimates and showing a 17.3% revenue increase year-over-year, with total revenue reaching $2.22 billion.
• The stock received positive ratings from analysts, with price targets raised to as high as $185.00, resulting in an average rating of "Moderate Buy" and a consensus price target of $171.87.

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) Director Joseph D. O'leary sold 2,937 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total transaction of $440,755.59. Following the sale, the director owned 14,994 shares in the company, valued at $2,250,149.58. This trade represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sprouts Farmers Market Trading Down 1.5%

SFM traded down $2.30 during trading hours on Friday, hitting $148.99. The company's stock had a trading volume of 1,033,815 shares, compared to its average volume of 1,505,175. The company has a 50-day simple moving average of $162.05 and a 200 day simple moving average of $158.73. The firm has a market capitalization of $14.56 billion, a PE ratio of 30.66, a PEG ratio of 1.68 and a beta of 0.78. Sprouts Farmers Market, Inc. has a fifty-two week low of $94.15 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.12. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%. The company's revenue was up 17.3% compared to the same quarter last year. During the same period last year, the company posted $0.94 EPS. Research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Whipplewood Advisors LLC grew its stake in Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after acquiring an additional 92 shares in the last quarter. Dogwood Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth $30,000. GeoWealth Management LLC raised its holdings in Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after buying an additional 142 shares in the last quarter. Truvestments Capital LLC bought a new position in Sprouts Farmers Market during the first quarter valued at about $35,000. Finally, SVB Wealth LLC bought a new position in Sprouts Farmers Market during the first quarter valued at about $36,000.

Analysts Set New Price Targets

A number of research firms have commented on SFM. UBS Group set a $180.00 target price on Sprouts Farmers Market in a research report on Thursday, July 31st. Evercore ISI upped their target price on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Finally, Jefferies Financial Group raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Friday, August 1st. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $171.87.

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.