Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joe Fortunato Sells 7,895 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joe Fortunato sold 7,895 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $98.38, for a total value of $776,710.10. Following the transaction, the director now directly owns 45,071 shares of the company’s stock, valued at approximately $4,434,084.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Joe Fortunato also recently made the following trade(s):

• On Tuesday, May 21st, Joe Fortunato sold 5,000 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $78.48, for a total value of $392,400.00.

Sprouts Farmers Market Stock Performance

NASDAQ SFM traded down $3.09 on Friday, hitting $97.67. 1,477,020 shares of the company traded hands, compared to its average volume of 1,373,229. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 2.84 and a beta of 0.55. The company has a current ratio of 1.03, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $81.83 and its 200-day moving average price is $68.85. Sprouts Farmers Market, Inc. has a 52-week low of $37.10 and a 52-week high of $103.80.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.16. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. Sprouts Farmers Market’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. Equities analysts expect that Sprouts Farmers Market, Inc. will post 3.38 earnings per share for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dorsey Wright & Associates purchased a new position in shares of Sprouts Farmers Market in the fourth quarter valued at about $1,378,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Sprouts Farmers Market by 8.5% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock valued at $39,748,000 after acquiring an additional 48,225 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Sprouts Farmers Market by 411.4% in the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after acquiring an additional 1,237,610 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its position in shares of Sprouts Farmers Market by 10.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 158,767 shares of the company’s stock valued at $7,638,000 after acquiring an additional 14,401 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Sprouts Farmers Market by 78.8% in the first quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock valued at $1,684,000 after acquiring an additional 11,508 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Oppenheimer reaffirmed a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday, April 29th. Roth Mkm lifted their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $62.00 to $90.00 in a report on Tuesday. Evercore ISI lifted their target price on Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus price target of $87.11.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, 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.