Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Gilliam Phipps sells 2,364 shares

Sprouts Farmers Market, Inc. (NASDAQ: SFM – Get a rating) insider Giliam Phipps sold 2,364 shares of the company in a trade on Friday, May 13. The stock was sold at an average price of $24.96, for a total value of $59,005.44. Following the completion of the transaction, the insider now directly owns 28,272 shares of the company, valued at $705,669.12. The sale was disclosed in a document filed with the SEC, accessible via the SEC website.

Shares of Sprouts Farmers Market rose $0.46 during Friday’s trading, hitting $24.94. 1,714,451 shares of the stock traded in hands, compared to its average volume of 2,038,403. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 11.44, a P/ E/G of 1.71 and a beta of 0.38. The company has a fifty-day simple moving average of $31.02 and a two-hundred-day simple moving average of $28.71. The company has a debt ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.70. Sprouts Farmers Market, Inc. has a 52-week low of $21.18 and a 52-week high of $35.34.

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Jeff Clark – “I never worry about where the market is going. I only trade one stock”

Sprouts Farmers Market (NASDAQ:SFM – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The company reported earnings per share of $0.79 for the quarter, beating consensus analyst estimates of $0.72 by $0.07. The company posted revenue of $1.64 billion in the quarter, compared to analysts’ estimates of $1.65 billion. Sprouts Farmers Market posted a return on equity of 25.65% and a net margin of 4.05%. The company’s quarterly revenue increased by 4.2% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $0.70. On average, research analysts predict that Sprouts Farmers Market, Inc. will post 2.15 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently increased or reduced their stake in SFM. Guardian Wealth Management Inc. bought a new position in Sprouts Farmers Market in the fourth quarter worth about $25,000. Sterling Investment Advisors Ltd. bought a new position in Sprouts Farmers Market in the fourth quarter worth about $27,000. UMB Bank NA MO bought a new position in shares of Sprouts Farmers Market during the fourth quarter worth approximately $28,000. Quent Capital LLC purchased a new stock position in Sprouts Farmers Market during the fourth quarter worth approximately $29,000. Finally, the Canada Pension Plan Investment Board bought a new position in shares of Sprouts Farmers Market during the first quarter worth approximately $35,000.

A number of equity research analysts have commented on SFM shares. Gordon Haskett raised his price target on Sprouts Farmers Market from $22.00 to $25.00 in a Monday, March 7 report. Credit Suisse Group raised its price target on Sprouts Farmers Market from $25.00 to $30.00 and gave the company a “neutral” rating in a Monday, February 28 report. StockNews.com moved Sprouts Farmers Market from a “hold” rating to a “buy” rating in a Saturday, April 16 report. Deutsche Bank Aktiengesellschaft raised its price target on Sprouts Farmers Market from $33.00 to $34.00 and gave the company a “buy” rating in a Wednesday, February 23 report. Finally, Bank of America downgraded Sprouts Farmers Market from a “buy” rating to an “underperform” rating and lowered its price target for the company from $40.00 to $25.00 in a research report Thursday, May 5. Three research analysts have assigned the stock a sell rating, one has issued a hold rating and two have assigned the company’s stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.33.

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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Insider buying and selling by quarter for the Sprout Growers Market (NASDAQ:SFM)

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