Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP Stacy W. Hilgendorf Sells 432 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) VP Stacy W. Hilgendorf sold 432 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $33.13, for a total value of $14,312.16. Following the sale, the vice president now directly owns 13,659 shares in the company, valued at approximately $452,522.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sprouts Farmers Market Trading Down 2.9 %

NASDAQ SFM traded down $0.97 on Friday, hitting $32.31. 2,133,220 shares of the stock were exchanged, compared to its average volume of 1,443,998. Sprouts Farmers Market, Inc. has a 52-week low of $22.56 and a 52-week high of $35.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.29 and a quick ratio of 0.70. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 1.37 and a beta of 0.39. The company’s 50-day moving average price is $32.21 and its two-hundred day moving average price is $31.09.

Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. Sprouts Farmers Market had a net margin of 4.08% and a return on equity of 25.40%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the company posted $0.32 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Research analysts predict that Sprouts Farmers Market, Inc. will post 2.52 EPS for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. grew its holdings in shares of Sprouts Farmers Market by 398.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,171 shares of the company’s stock valued at $30,000 after acquiring an additional 936 shares in the last quarter. Baldwin Brothers LLC MA grew its holdings in shares of Sprouts Farmers Market by 162.5% during the 4th quarter. Baldwin Brothers LLC MA now owns 1,050 shares of the company’s stock valued at $34,000 after acquiring an additional 650 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Sprouts Farmers Market during the 1st quarter valued at $35,000. FNY Investment Advisers LLC purchased a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $45,000. Finally, Heritage Wealth Management LLC purchased a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at $47,000. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Sprouts Farmers Market from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, March 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Sprouts Farmers Market from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $21.00 to $26.00 and gave the stock an “underperform” rating in a research report on Monday, March 6th. Credit Suisse Group restated a “neutral” rating and issued a $35.00 price target on shares of Sprouts Farmers Market in a research report on Monday, March 6th. Finally, The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Wednesday, November 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.57.

Sprouts Farmers Market Company Profile

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Sprouts Farmers Market, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.