Sprouts Farmers Market Inc (SFM) Director Shon A. Boney Sells 17,221 Shares

Sprouts Farmers Market Inc (NASDAQ:SFM) Director Shon A. Boney sold 17,221 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $26.71, for a total value of $459,972.91. Following the completion of the sale, the director now owns 18,591 shares of the company’s stock, valued at $496,565.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Sprouts Farmers Market Inc (SFM) traded down $0.09 during midday trading on Wednesday, hitting $26.62. The stock had a trading volume of 1,366,466 shares, compared to its average volume of 1,900,000. The stock has a market cap of $3,540.00, a PE ratio of 27.44, a PEG ratio of 2.04 and a beta of 0.80. 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 Inc has a fifty-two week low of $17.38 and a fifty-two week high of $28.29.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its stake in Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after acquiring an additional 4,864 shares in the last quarter. Harvest Management LLC acquired a new position in Sprouts Farmers Market during the 3rd quarter worth about $188,000. Sadoff Investment Management LLC acquired a new position in Sprouts Farmers Market during the 3rd quarter worth about $223,000. Acadian Asset Management LLC acquired a new position in Sprouts Farmers Market during the 4th quarter worth about $224,000. Finally, State of Alaska Department of Revenue acquired a new position in Sprouts Farmers Market during the 4th quarter worth about $233,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Several analysts have issued reports on the company. Oppenheimer upped their target price on Sprouts Farmers Market from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Tuesday. Royal Bank of Canada restated a “buy” rating and issued a $32.00 target price on shares of Sprouts Farmers Market in a report on Friday, February 2nd. Gordon Haskett upgraded Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 31st. BidaskClub upgraded Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $32.00 price target on shares of Sprouts Farmers Market in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $25.94.

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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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