Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) insider Brandon F. Lombardi sold 5,174 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $74.97, for a total transaction of $387,894.78. Following the sale, the insider now owns 6,052 shares in the company, valued at approximately $453,718.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Sprouts Farmers Market Stock Down 0.1 %
NASDAQ SFM opened at $74.59 on Friday. Sprouts Farmers Market, Inc. has a one year low of $32.12 and a one year high of $75.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. The business has a fifty day moving average price of $65.01 and a 200 day moving average price of $53.76. The company has a market cap of $7.49 billion, a P/E ratio of 25.72, a P/E/G ratio of 2.64 and a beta of 0.50.
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.1 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
SFM has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a report on Thursday, May 2nd. The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Evercore ISI dropped their price target on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Finally, Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.13.
Get Our Latest Stock Analysis on Sprouts Farmers Market
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.
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