Dustin Hamilton Sells 1,997 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Dustin Hamilton sold 1,997 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $99.20, for a total value of $198,102.40. Following the transaction, the insider now owns 26,172 shares in the company, valued at approximately $2,596,262.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Dustin Hamilton also recently made the following trade(s):

• On Tuesday, August 27th, Dustin Hamilton sold 5,097 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $102.00, for a total value of $519,894.00.
• On Wednesday, August 21st, Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00.

Sprouts Farmers Market Trading Down 0.8 %

Shares of Sprouts Farmers Market stock opened at $100.70 on Thursday. The firm has a market capitalization of $10.12 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 2.81 and a beta of 0.56. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $92.72 and its 200 day moving average is $78.36. Sprouts Farmers Market, Inc. has a 1 year low of $39.24 and a 1 year high of $104.41.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

Institutional Trading of Sprouts Farmers Market

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Sprouts Farmers Market by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock worth $690,966,000 after acquiring an additional 29,362 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Sprouts Farmers Market by 15.4% in the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after purchasing an additional 593,600 shares during the last quarter. Nordea Investment Management AB increased its holdings in Sprouts Farmers Market by 9.8% in the first quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock valued at $216,419,000 after purchasing an additional 297,067 shares during the period. Marshall Wace LLP raised its position in Sprouts Farmers Market by 167.4% during the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after purchasing an additional 973,666 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Sprouts Farmers Market by 411.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after buying an additional 1,237,610 shares during the period.

Wall Street Analysts Forecast Growth

SFM has been the subject of several analyst reports. BMO Capital Markets upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $40.00 to $102.00 in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Evercore ISI upped their target price on Sprouts Farmers Market from $84.00 to $96.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. Finally, Bank of America raised their price target on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $95.25.

Sprouts Farmers Market Company Profile

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.