Sprouts Farmers Market major shareholder Sells $375,379,760 in Stock (SFM)
Sprouts Farmers Market (NYSE:SFM) major shareholder Apollo Management Holdings Gp, sold 12,930,753 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $29.03, for a total value of $375,379,759.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
SFM has been the subject of a number of recent research reports. Analysts at Imperial Capital reiterated an “in-line” rating on shares of Sprouts Farmers Market in a research note on Monday, August 11th. They now have a $35.00 price target on the stock, down previously from $36.00. Separately, analysts at Zacks downgraded shares of Sprouts Farmers Market from an “outperform” rating to a “neutral” rating in a research note on Friday, July 25th. They now have a $35.90 price target on the stock. Finally, analysts at Longbow Research initiated coverage on shares of Sprouts Farmers Market in a research note on Friday, July 11th. They set a “neutral” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.90.
Shares of Sprouts Farmers Market (NYSE:SFM) traded down 0.34% during mid-day trading on Thursday, hitting $29.63. The stock had a trading volume of 369,822 shares. Sprouts Farmers Market has a 52-week low of $25.73 and a 52-week high of $49.45. The stock’s 50-day moving average is $31.18 and its 200-day moving average is $32.71. The company has a market cap of $4.440 billion and a price-to-earnings ratio of 52.99.
Sprouts Farmers Market (NYSE:SFM) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $743.80 million for the quarter, compared to the consensus estimate of $741.05 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts predict that Sprouts Farmers Market will post $0.68 earnings per share for the current fiscal year.
Sprouts Farmers Market, Inc (NYSE:SFM) is a specialty retailer of natural and organic food focusing on health and wellness.
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