Sprouts Farmers Market Inc (NASDAQ:SFM) was the recipient of some unusual options trading activity on Thursday. Investors acquired 966 put options on the stock. This is an increase of approximately 1,078% compared to the typical daily volume of 82 put options.

SFM traded up $0.12 on Friday, hitting $19.86. The company had a trading volume of 196,645 shares, compared to its average volume of 1,323,380. The firm has a market cap of $2.35 billion, a P/E ratio of 15.39, a PEG ratio of 2.26 and a beta of 0.38. Sprouts Farmers Market has a 1 year low of $16.46 and a 1 year high of $28.69. The company’s fifty day moving average price is $17.90 and its 200 day moving average price is $20.15. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 3.02.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Sprouts Farmers Market had a net margin of 2.61% and a return on equity of 26.10%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. On average, analysts predict that Sprouts Farmers Market will post 1.1 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in Sprouts Farmers Market by 24.7% during the second quarter. Renaissance Technologies LLC now owns 5,964,500 shares of the company’s stock worth $112,669,000 after purchasing an additional 1,183,000 shares during the period. Clearbridge Investments LLC grew its position in shares of Sprouts Farmers Market by 1.3% during the first quarter. Clearbridge Investments LLC now owns 3,674,551 shares of the company’s stock worth $79,150,000 after buying an additional 47,837 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sprouts Farmers Market by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,763,323 shares of the company’s stock worth $64,965,000 after buying an additional 130,215 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in Sprouts Farmers Market by 51.1% in the second quarter. Impax Asset Management Group plc now owns 1,839,150 shares of the company’s stock valued at $34,742,000 after purchasing an additional 621,658 shares in the last quarter. Finally, Eaton Vance Management boosted its holdings in Sprouts Farmers Market by 4.1% in the second quarter. Eaton Vance Management now owns 1,800,621 shares of the company’s stock valued at $34,014,000 after purchasing an additional 71,217 shares in the last quarter. Institutional investors own 94.18% of the company’s stock.

Several brokerages have recently weighed in on SFM. BidaskClub raised shares of Sprouts Farmers Market from a “strong sell” rating to a “sell” rating in a research report on Wednesday. BMO Capital Markets cut shares of Sprouts Farmers Market from a “market perform” rating to an “underperform” rating and set a $15.00 price target on the stock. in a research report on Friday, August 2nd. Wells Fargo & Co reduced their price objective on shares of Sprouts Farmers Market from $23.00 to $20.00 and set a “positive” rating on the stock in a report on Friday, June 21st. ValuEngine lowered shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Finally, Bank of America restated an “underperform” rating and issued a $19.00 price objective (down from $21.00) on shares of Sprouts Farmers Market in a report on Wednesday, May 29th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $22.47.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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