Sprouts Farmers Market (NASDAQ:SFM) Sees Unusually-High Trading Volume

Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 1,276,616 shares were traded during trading, a decline of 4% from the previous session’s volume of 1,327,347 shares.The stock last traded at $79.10 and had previously closed at $78.42.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective 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. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price target for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. Wells Fargo & Company lifted their price target on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, May 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $57.25.

Check Out Our Latest Report on Sprouts Farmers Market

Sprouts Farmers Market Stock Performance

The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.82 and a beta of 0.50. The company’s 50-day simple moving average is $67.28 and its 200-day simple moving average is $55.88. The company has a current ratio of 1.19, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts expect that Sprouts Farmers Market, Inc. will post 3.11 EPS for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Brandon F. Lombardi sold 3,865 shares of Sprouts Farmers Market stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $62.21, for a total value of $240,441.65. Following the transaction, the insider now directly owns 8,328 shares of the company’s stock, valued at $518,084.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Brandon F. Lombardi sold 3,865 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $62.21, for a total transaction of $240,441.65. Following the sale, the insider now owns 8,328 shares in the company, valued at approximately $518,084.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brandon F. Lombardi sold 22,799 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the sale, the insider now owns 8,328 shares in the company, valued at approximately $499,513.44. The disclosure for this sale can be found here. Insiders sold a total of 210,567 shares of company stock worth $13,722,524 over the last three months. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SFM. Vanguard Group Inc. boosted 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 valued at $690,966,000 after acquiring an additional 29,362 shares during the period. Nordea Investment Management AB grew its position in shares of Sprouts Farmers Market by 9.8% in the 1st quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after buying an additional 297,067 shares during the last quarter. Point72 Asset Management L.P. grew its position 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 purchasing an additional 1,237,610 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Sprouts Farmers Market by 36.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock worth $71,135,000 after purchasing an additional 398,901 shares during the last quarter. Finally, Boston Trust Walden Corp grew its position in Sprouts Farmers Market by 1.2% during the 4th quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock worth $71,075,000 after purchasing an additional 17,565 shares during the last quarter.

About Sprouts Farmers Market

(Get Free Report)

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.

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