Sprouts Farmers Markets LLC CFO Sells $3,616,552 in Stock (SFM)
Sprouts Farmers Markets LLC (NYSE:SFM) CFO Amin N. Maredia sold 102,977 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $35.12, for a total transaction of $3,616,552.24. Following the completion of the sale, the chief financial officer now directly owns 210,000 shares of the company’s stock, valued at approximately $7,375,200. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at SunTrust initiated coverage on shares of Sprouts Farmers Markets LLC in a research note to investors on Friday, December 20th. They set a “neutral” rating on the stock. Separately, analysts at Stephens initiated coverage on shares of Sprouts Farmers Markets LLC in a research note to investors on Wednesday, December 18th. They set an “equal weight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Sprouts Farmers Markets LLC in a research note to investors on Monday, December 16th. They now have a $45.00 price target on the stock, down previously from $52.00. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Sprouts Farmers Markets LLC has an average rating of “Hold” and an average target price of $38.80.
Sprouts Farmers Markets LLC (NYSE:SFM) traded down 0.20% during mid-day trading on Wednesday, hitting $34.91. The stock had a trading volume of 387,560 shares. Sprouts Farmers Markets LLC has a 1-year low of $33.00 and a 1-year high of $49.45. The stock has a 50-day moving average of $37.27 and a 200-day moving average of $40.46. The company has a market cap of $5.148 billion and a price-to-earnings ratio of 117.38.
Sprouts Farmers Markets LLC (NYSE:SFM) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.03. The company had revenue of $633.60 million for the quarter, compared to the consensus estimate of $620.16 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 24.2% on a year-over-year basis. Analysts expect that Sprouts Farmers Markets LLC will post $0.47 EPS for the current fiscal year.
Sprouts Farmers Market, LLC is a United States-based company that owns and operates a network of food retail stores.
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