Joe Fortunato Sells 5,000 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Joe Fortunato sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $78.48, for a total value of $392,400.00. Following the completion of the transaction, the director now owns 52,966 shares in the company, valued at approximately $4,156,771.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 4th, Joe Fortunato sold 13,000 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $63.71, for a total value of $828,230.00.

Sprouts Farmers Market Price Performance

SFM traded up $1.52 during trading on Thursday, reaching $80.69. The stock had a trading volume of 1,836,657 shares, compared to its average volume of 1,344,765. The stock has a market cap of $8.11 billion, a PE ratio of 27.30, a PEG ratio of 3.00 and a beta of 0.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. Sprouts Farmers Market, Inc. has a one year low of $32.12 and a one year high of $80.96. The business has a 50-day moving average of $67.60 and a 200-day moving average of $56.04.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on SFM shares. The Goldman Sachs Group increased their target price on 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 upped their price target on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday, May 2nd. Oppenheimer reaffirmed a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and upped their price target for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. Finally, Evercore ISI upped their price target on shares of Sprouts Farmers Market from $68.00 to $70.00 and gave the stock an “in-line” rating in a report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $57.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. VisionPoint Advisory Group LLC bought a new position in shares of Sprouts Farmers Market during the third quarter valued at about $25,000. Rise Advisors LLC bought a new position in shares of Sprouts Farmers Market during the first quarter valued at about $26,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth about $36,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $38,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $43,000.

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.