Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Brandon F. Lombardi Sells 5,174 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Brandon F. Lombardi sold 5,174 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $74.97, for a total value of $387,894.78. Following the completion of the transaction, the insider now directly owns 6,052 shares in the company, valued at $453,718.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sprouts Farmers Market Price Performance

Shares of SFM stock opened at $74.59 on Friday. The firm has a market cap of $7.49 billion, a P/E ratio of 25.72, a P/E/G ratio of 2.64 and a beta of 0.50. The firm has a fifty day moving average of $65.01 and a two-hundred day moving average of $53.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65. Sprouts Farmers Market, Inc. has a 1-year low of $32.12 and a 1-year high of $75.95.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SFM shares. Deutsche Bank Aktiengesellschaft raised their target price on Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a report on Thursday. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. BMO Capital Markets raised their price target on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a report on Thursday, May 2nd. Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. Finally, Evercore ISI lowered their target price on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $56.13.

Institutional Investors Weigh In On Sprouts Farmers Market

Institutional investors have recently made changes to their positions in the company. Raymond James & Associates lifted its holdings in Sprouts Farmers Market by 21.9% in the third quarter. Raymond James & Associates now owns 15,832 shares of the company’s stock worth $678,000 after acquiring an additional 2,842 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sprouts Farmers Market by 41.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,793 shares of the company’s stock worth $1,960,000 after purchasing an additional 13,372 shares during the last quarter. Strs Ohio boosted its position in Sprouts Farmers Market by 14.6% during the 3rd quarter. Strs Ohio now owns 9,400 shares of the company’s stock valued at $402,000 after purchasing an additional 1,200 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Sprouts Farmers Market by 5.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 167,344 shares of the company’s stock worth $7,162,000 after buying an additional 8,931 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its position in Sprouts Farmers Market by 3.5% in the third quarter. First Trust Direct Indexing L.P. now owns 7,659 shares of the company’s stock worth $328,000 after buying an additional 256 shares during the period.

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.