Sprouts Farmers Market Inc (SFM) Insider Sells $877,441.31 in Stock

Sprouts Farmers Market Inc (NASDAQ:SFM) insider Theodore Edward Frumkin II sold 36,667 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was 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 owns 58,912 shares in the company, valued at approximately $1,409,764.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sprouts Farmers Market Inc (NASDAQ:SFM) opened at $24.12 on Monday. 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 1-year low of $17.38 and a 1-year high of $25.98. The stock has a market capitalization of $3,210.00, a PE ratio of 24.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.67.

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

A number of institutional investors and hedge funds have recently modified their holdings of SFM. Old Mutual Global Investors UK Ltd. bought a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at about $40,505,000. PointState Capital LP acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $32,954,000. Renaissance Technologies LLC increased its position in shares of Sprouts Farmers Market by 79.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock worth $58,344,000 after purchasing an additional 1,137,200 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Sprouts Farmers Market by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,421,148 shares of the company’s stock worth $77,557,000 after purchasing an additional 719,381 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Sprouts Farmers Market by 49.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock worth $37,717,000 after purchasing an additional 665,598 shares during the last quarter. Hedge funds and other institutional investors own 90.15% of the company’s stock.

Several equities research analysts have recently weighed in on SFM shares. Royal Bank of Canada set a $28.00 price objective on Sprouts Farmers Market and gave the company a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BMO Capital Markets increased their price objective on Sprouts Farmers Market from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday, November 3rd. Goldman Sachs Group reissued a “sell” rating and issued a $18.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. Finally, William Blair restated a “buy” rating on shares of Sprouts Farmers Market in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.28.

WARNING: “Sprouts Farmers Market Inc (SFM) Insider Sells $877,441.31 in Stock” was originally reported by Week Herald and is the sole property of of Week Herald. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://weekherald.com/2017/12/18/sprouts-farmers-market-inc-sfm-insider-theodore-edward-frumkin-ii-sells-36667-shares.html.

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.

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

Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply