Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) insider Dan J. Sanders sold 59,607 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $30.26, for a total value of $1,803,707.82. Following the sale, the insider now directly owns 9,787 shares in the company, valued at $296,154.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Sprouts Farmers Market Stock Down 3.4 %
SFM stock opened at $29.10 on Friday. Sprouts Farmers Market, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $35.34. The business’s 50-day moving average is $26.83 and its two-hundred day moving average is $28.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.68 and a current ratio of 1.25. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 1.82 and a beta of 0.43.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SFM. Annex Advisory Services LLC raised its stake in shares of Sprouts Farmers Market by 25.4% in the first quarter. Annex Advisory Services LLC now owns 77,558 shares of the company’s stock worth $2,480,000 after buying an additional 15,712 shares during the period. WINTON GROUP Ltd raised its stake in shares of Sprouts Farmers Market by 33.0% in the fourth quarter. WINTON GROUP Ltd now owns 94,779 shares of the company’s stock worth $2,813,000 after buying an additional 23,525 shares during the period. Westpac Banking Corp raised its stake in shares of Sprouts Farmers Market by 6.4% in the fourth quarter. Westpac Banking Corp now owns 100,040 shares of the company’s stock worth $2,969,000 after buying an additional 6,040 shares during the period. Covestor Ltd bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth about $66,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Sprouts Farmers Market by 49.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,203 shares of the company’s stock worth $570,000 after buying an additional 6,379 shares during the period.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on SFM shares. Bank of America cut Sprouts Farmers Market from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $40.00 to $25.00 in a research report on Thursday, May 5th. Credit Suisse Group dropped their price objective on Sprouts Farmers Market from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 26th. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Saturday, April 16th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.83.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, 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.
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.