Joe Fortunato Sells 5,000 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joe Fortunato sold 5,000 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total transaction of $724,000.00. Following the transaction, the director now directly owns 28,571 shares in the company, valued at $4,137,080.80. This trade represents a 14.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Sprouts Farmers Market Trading Down 0.8 %

Shares of Sprouts Farmers Market stock opened at $136.97 on Monday. The company has a fifty day simple moving average of $150.28 and a 200-day simple moving average of $133.42. Sprouts Farmers Market, Inc. has a 12-month low of $60.46 and a 12-month high of $178.99. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. On average, equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SFM shares. Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. BMO Capital Markets boosted their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Friday, February 28th. Roth Mkm boosted their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Finally, StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $154.00.

Institutional Trading of Sprouts Farmers Market

Institutional investors and hedge funds have recently bought and sold shares of the business. Accent Capital Management LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sprouts Farmers Market during the 4th quarter worth $31,000. Avior Wealth Management LLC raised its position in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after buying an additional 130 shares during the last quarter. GeoWealth Management LLC raised its position in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after buying an additional 142 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after buying an additional 132 shares during the last quarter.

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.