Insider Selling: Brandon F. Lombardi Sells 19,662 Shares of Sprouts Farmers Market Stock (SFM)
Sprouts Farmers Market (NYSE:SFM) Insider Brandon F. Lombardi sold 19,662 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $32.75, for a total value of $643,930.50. Following the completion of the sale, the insider now directly owns 9,942 shares of the company’s stock, valued at approximately $325,601. The sale was disclosed in a filing with the SEC, which is available at this link.
Sprouts Farmers Market (NYSE:SFM) traded up 0.24% during mid-day trading on Tuesday, hitting $32.80. 1,520,719 shares of the company’s stock traded hands. Sprouts Farmers Market has a 1-year low of $25.73 and a 1-year high of $49.45. The stock has a 50-day moving average of $29.42 and a 200-day moving average of $34.22. The company has a market cap of $4.911 billion and a P/E ratio of 70.82.
Sprouts Farmers Market (NYSE:SFM) last announced its earnings results on Wednesday, May 7th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.03. The company had revenue of $722.60 million for the quarter, compared to the consensus estimate of $706.73 million. During the same quarter last year, the company posted $0.14 earnings per share. Sprouts Farmers Market’s revenue was up 26.0% compared to the same quarter last year. On average, analysts predict that Sprouts Farmers Market will post $0.67 earnings per share for the current fiscal year.
SFM has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Sprouts Farmers Market from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 26th. They now have a $34.30 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Sprouts Farmers Market in a research note on Wednesday, June 25th. They set an “overweight” rating and a $38.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of Sprouts Farmers Market from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 12th. They now have a $34.00 price target on the stock, up previously from $31.00. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $34.73.
Sprouts Farmers Market, Inc (NYSE:SFM) is a specialty retailer of natural and organic food focusing on health and wellness.
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