Stock Traders Buy Large Volume of Sprouts Farmers Market Call Options (SFM)

Sprouts Farmers Market Inc (NASDAQ:SFM) was the target of unusually large options trading activity on Thursday. Investors bought 21,662 call options on the company. This represents an increase of 1,683% compared to the average daily volume of 1,215 call options.

In other Sprouts Farmers Market news, insider Theodore Edward Frumkin II sold 36,667 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 58,912 shares in the company, valued at $1,409,764.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Bruni bought 15,000 shares of Sprouts Farmers Market stock in a transaction on Friday, September 15th. The stock was purchased at an average price of $19.00 per share, with a total value of $285,000.00. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC boosted its position in Sprouts Farmers Market by 1,093.0% in the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after buying an additional 4,864 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Sprouts Farmers Market by 2.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock valued at $171,000 after buying an additional 170 shares during the last quarter. Victory Capital Management Inc. boosted its position in Sprouts Farmers Market by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock valued at $175,000 after buying an additional 1,161 shares during the last quarter. First Quadrant L P CA boosted its position in 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 valued at $179,000 after buying an additional 1,105 shares during the last quarter. Finally, Harvest Management LLC purchased a new stake in Sprouts Farmers Market in the third quarter valued at approximately $188,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

A number of brokerages have commented on SFM. Zacks Investment Research downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Royal Bank Of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a report on Monday, October 30th. Deutsche Bank reiterated a “hold” rating and issued a $24.00 target price (up from $22.00) on shares of Sprouts Farmers Market in a report on Wednesday, August 9th. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Friday, November 3rd. Finally, Goldman Sachs Group restated a “sell” rating and set a $18.00 price target on shares of Sprouts Farmers Market in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.28.

Shares of Sprouts Farmers Market (NASDAQ SFM) opened at $23.66 on Friday. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $25.98. The firm has a market capitalization of $3,111.19, a PE ratio of 24.10, a PEG ratio of 2.08 and a beta of 0.65. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a return on equity of 19.90% and a net margin of 2.61%. Sprouts Farmers Market’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 earnings per share. research analysts forecast that Sprouts Farmers Market will post 0.99 EPS for the current fiscal year.

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About Sprouts Farmers Market

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.

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