Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Brandon F. Lombardi sold 20,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $24.34, for a total value of $486,800.00. Following the completion of the transaction, the insider now owns 73,761 shares of the company’s stock, valued at $1,795,342.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sprouts Farmers Market, Inc. (NASDAQ:SFM) traded down 0.73% on Tuesday, reaching $24.34. The company had a trading volume of 2,208,404 shares. The stock’s 50-day moving average price is $23.20 and its 200 day moving average price is $21.92. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 28.60 and a beta of 0.52. Sprouts Farmers Market, Inc. has a 52-week low of $17.38 and a 52-week high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post $0.92 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after buying an additional 468 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth $152,000. Asset Management One Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth $161,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Sprouts Farmers Market by 2.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,355 shares of the company’s stock worth $170,000 after buying an additional 200 shares during the period. Finally, First Quadrant L P CA boosted its stake in shares of Sprouts Farmers Market by 16.3% in the second quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock worth $179,000 after buying an additional 1,105 shares during the period. 86.88% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the company. Jefferies Group LLC set a $26.00 price objective on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, May 1st. BMO Capital Markets set a $24.00 price objective on Sprouts Farmers Market and gave the stock a “hold” rating in a research report on Saturday, June 10th. UBS AG upgraded Sprouts Farmers Market from a “market perform” rating to an “outperform” rating in a research report on Friday, June 16th. Royal Bank Of Canada set a $28.00 price objective on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Friday, May 19th. Finally, Morgan Stanley restated an “equal weight” rating and set a $22.00 price target (down from $23.00) on shares of Sprouts Farmers Market in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $25.05.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Insider Buying and Selling by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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