Sprouts Farmers Market, Inc. (NASDAQ:SFM) CFO Lawrence Molloy sells 1,298 shares

Sprouts Farmers Market, Inc. (NASDAQ: SFM – Get a rating) CFO Lawrence Molloy sold 1,298 shares in a trade dated Friday, June 10. The stock was sold at an average price of $25.11, for a total value of $32,592.78. Following the transaction, the CFO now owns 238,624 shares of the company, valued at $5,991,848.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website.

Shares of SFM traded down $0.12 during Friday trading hours, hitting $25.14. The company had a trading volume of 1,549,183 shares, compared to its average volume of 1,960,930. The company has a debt ratio of 0.26, a quick ratio of 0.70 and a current ratio of 1.22. Sprouts Farmers Market, Inc. has a 12-month low of $21.18 and a 12-month high of $35.34. The company has a market capitalization of $2.76 billion, a P/E ratio of 11.51, a price-to-earnings growth ratio of 1.72 and a beta of 0.38. The stock’s fifty-day simple moving average is $28.44 and its 200-day simple moving average is $28.94.

Sprouts Farmers Market (NASDAQ:SFM – Get a rating) last reported results on Wednesday, May 4. The company reported earnings per share (EPS) of $0.79 for the quarter, beating consensus analyst estimates of $0.72 by $0.07. Sprouts Farmers Market posted a return on equity of 25.65% and a net margin of 4.05%. The company posted revenue of $1.64 billion in the quarter, compared to analysts’ estimates of $1.65 billion. In the same quarter last year, the company earned earnings per share of $0.70. The company’s revenue for the quarter increased by 4.2% compared to the same quarter last year. As a group, stock analysts expect Sprouts Farmers Market, Inc. to post earnings per share of 2.16 for the current year.

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Several stock analysts have weighed in on the company recently. Bank of America downgraded Sprouts Farmers Market from a “buy” rating to an “underperform” rating and cut its target price for the stock from $40.00 to $25.00 in a Thursday research report May 5. Deutsche Bank Aktiengesellschaft raised its price target on the Sprouts Farmers Market from $33.00 to $34.00 and gave the stock a “buy” rating in a Wednesday, February 23 report. Gordon Haskett raised his price target on Sprouts Farmers Market from $22.00 to $25.00 in a Monday, March 7 report. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a Saturday, April 16 report. Finally, JPMorgan Chase & Co. raised its price target on Sprouts Farmers Market from $26.00 to $31.00 in a Friday, February 25 report. Three investment analysts have assigned the stock a sell rating, one has assigned a hold rating and two have assigned the company’s stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.33.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Lindbrook Capital LLC increased its holdings in Sprouts Farmers Market by 20.2% during the 4th quarter. Lindbrook Capital LLC now owns 2,133 shares of the company valued at $63,000 after buying 359 additional shares in the last quarter. TCI Wealth Advisors Inc. increased its holdings in Sprouts Farmers Market by 20.5% during the 4th quarter. TCI Wealth Advisors Inc. now owns 2,261 shares of the company valued at $67,000 after buying 384 additional shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in Sprouts Farmers Market by 4.6% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 10,952 shares of the company valued at $350,000 after buying 477 additional shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Sprouts Farmers Market 1.7% in Q1. Louisiana State Employees Retirement System now owns 29,400 shares of the company valued at $956,000 after purchasing an additional 500 shares last quarter. Finally, Shaker Investments LLC OH increased its holdings in Sprouts Farmers Market by 1.0% during the 4th quarter. Shaker Investments LLC OH now owns 51,918 shares of the company valued at $1,541,000 after purchasing an additional 519 shares last quarter.

Sprouts Farmers Market Company Profile (Get a rating)

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 groceries, vitamins and supplements, bulk goods, frozen foods, beer and wine, and natural health products and body care.

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