Insider Selling: Sprouts Farmers Market, Inc. (SFM) Insider Sells 36,667 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Theodore Edward Frumkin II sold 36,667 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $23.93, for a total value of $877,441.31. Following the completion of the sale, the insider now owns 58,912 shares of the company’s stock, valued at $1,409,764.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Sprouts Farmers Market, Inc. (NASDAQ SFM) traded up $0.28 during mid-day trading on Friday, reaching $23.66. The company had a trading volume of 3,076,693 shares, compared to its average volume of 2,925,259. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. The firm has a market capitalization of $3,150.00, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 1 year low of $17.38 and a 1 year high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. analysts expect that Sprouts Farmers Market, Inc. will post 0.99 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP increased its position in Sprouts Farmers Market by 28.1% in the third quarter. GSA Capital Partners LLP now owns 20,847 shares of the company’s stock worth $391,000 after purchasing an additional 4,579 shares during the period. Americafirst Capital Management LLC bought a new position in Sprouts Farmers Market during the third quarter worth about $374,000. California Public Employees Retirement System boosted its holdings in Sprouts Farmers Market by 4.8% during the third quarter. California Public Employees Retirement System now owns 322,621 shares of the company’s stock worth $6,056,000 after buying an additional 14,721 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Sprouts Farmers Market during the third quarter worth about $520,000. Finally, Janus Henderson Group PLC boosted its holdings in Sprouts Farmers Market by 543.2% during the third quarter. Janus Henderson Group PLC now owns 115,457 shares of the company’s stock worth $2,167,000 after buying an additional 97,506 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

A number of analysts have recently weighed in on SFM shares. SunTrust Banks restated a “buy” rating and issued a $27.00 target price on shares of Sprouts Farmers Market in a research note on Friday, September 15th. Jefferies Group lowered their target price on Sprouts Farmers Market from $26.00 to $19.00 and set a “hold” rating for the company in a research note on Monday, October 30th. William Blair restated a “buy” rating on shares of Sprouts Farmers Market in a research note on Friday, August 25th. BidaskClub lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, Loop Capital lowered their target price on Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.28.

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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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