Sprouts Farmers Market (NASDAQ:SFM) Shares Down 4.3% - What's Next?

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report)'s share price was down 4.3% during trading on Tuesday . The stock traded as low as $165.51 and last traded at $165.81. Approximately 355,225 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,479,924 shares. The stock had previously closed at $173.29.

Wall Street Analyst Weigh In

Several brokerages recently commented on SFM. UBS Group raised their target price on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Roth Capital set a $155.00 price objective on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research note on Thursday, May 1st. Jefferies Financial Group lifted their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Friday, February 28th. Finally, Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $167.79.

Sprouts Farmers Market Stock Performance

The firm has a market cap of $16.29 billion, a P/E ratio of 37.41, a PEG ratio of 2.01 and a beta of 0.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. The stock's 50-day moving average is $165.51 and its 200 day moving average is $153.61.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.27. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The business's revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. On average, research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 677 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $175.18, for a total transaction of $118,596.86. Following the sale, the chief marketing officer now directly owns 5,552 shares in the company, valued at $972,599.36. This represents a 10.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $161.81, for a total value of $654,521.45. Following the transaction, the chief executive officer now directly owns 174,740 shares of the company's stock, valued at approximately $28,274,679.40. The trade was a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,905 shares of company stock valued at $11,963,931 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Sprouts Farmers Market

Hedge funds have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC raised its holdings in Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after purchasing an additional 92 shares during the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $30,000. Truvestments Capital LLC purchased a new stake in shares of Sprouts Farmers Market in the first quarter worth approximately $35,000. SVB Wealth LLC purchased a new stake in Sprouts Farmers Market in the 1st quarter valued at $36,000. Finally, Brooklyn Investment Group grew its stake in shares of Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock worth $37,000 after acquiring an additional 242 shares in the last quarter.

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.