Terri F. Graham Sells 1,278 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) Director Terri F. Graham sold 1,278 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $180.00, for a total value of $230,040.00. Following the transaction, the director now owns 32,910 shares of the company's stock, valued at approximately $5,923,800. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Sprouts Farmers Market Trading Down 2.3%

Sprouts Farmers Market stock traded down $4.07 during trading on Wednesday, reaching $171.14. 1,264,650 shares of the company were exchanged, compared to its average volume of 1,455,490. Sprouts Farmers Market, Inc. has a 52-week low of $74.15 and a 52-week high of $182.00. The company has a market capitalization of $16.75 billion, a P/E ratio of 45.52, a PEG ratio of 2.31 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The stock's 50 day simple moving average is $162.03 and its two-hundred day simple moving average is $152.06.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.27. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The company's revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SFM has been the topic of several research analyst reports. UBS Group raised their price objective on Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and raised their price objective for the company from $163.00 to $190.00 in a report on Monday, March 17th. Roth Mkm raised their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Finally, Roth Capital set a $155.00 price objective on Sprouts Farmers Market and gave the company a "neutral" rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $167.79.

Institutional Investors Weigh In On Sprouts Farmers Market

Several institutional investors and hedge funds have recently modified their holdings of SFM. Inspire Investing LLC grew its stake in Sprouts Farmers Market by 49.5% during the 1st quarter. Inspire Investing LLC now owns 16,809 shares of the company's stock worth $2,566,000 after purchasing an additional 5,565 shares in the last quarter. Strs Ohio acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth about $3,297,000. Acadian Asset Management LLC boosted its position in shares of Sprouts Farmers Market by 33.9% during the 1st quarter. Acadian Asset Management LLC now owns 65,743 shares of the company's stock worth $10,029,000 after acquiring an additional 16,643 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $400,000. Finally, Integrity Alliance LLC. acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $411,000.

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.

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