Sprouts Farmers Market CFO Sells $2,089,174 in Stock (SFM)
Sprouts Farmers Market (NYSE:SFM) CFO Amin N. Maredia sold 64,223 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $32.53, for a total transaction of $2,089,174.19. Following the completion of the sale, the chief financial officer now directly owns 216,659 shares of the company’s stock, valued at approximately $7,047,917. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Sprouts Farmers Market (NYSE:SFM) traded up 0.24% during mid-day trading on Tuesday, hitting $32.80. The stock had a trading volume of 1,520,719 shares. Sprouts Farmers Market has a 52 week low of $25.73 and a 52 week high of $49.45. The stock has a 50-day moving average of $29.2 and a 200-day moving average of $34.24. The company has a market cap of $4.911 billion and a P/E ratio of 70.82.
Sprouts Farmers Market (NYSE:SFM) last released its earnings data on Wednesday, May 7th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 26.0% on a year-over-year basis. Analysts expect that Sprouts Farmers Market will post $0.67 EPS for the current fiscal year.
A number of research firms have recently commented on SFM. 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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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