Sprouts Farmers Market Inc (SFM) CEO Sells $914,999.67 in Stock

Sprouts Farmers Market Inc (NASDAQ:SFM) CEO Amin N. Maredia sold 39,559 shares of the business’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $23.13, for a total transaction of $914,999.67. Following the transaction, the chief executive officer now owns 332,759 shares of the company’s stock, valued at approximately $7,696,715.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Amin N. Maredia also recently made the following trade(s):

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  • On Monday, March 12th, Amin N. Maredia sold 1,728 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $25.33, for a total transaction of $43,770.24.

NASDAQ SFM opened at $23.81 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.00 and a quick ratio of 0.23. Sprouts Farmers Market Inc has a 1 year low of $17.55 and a 1 year high of $28.29. The firm has a market capitalization of $3,163.29, a price-to-earnings ratio of 23.57, a P/E/G ratio of 1.45 and a beta of 0.89.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 21.81%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 16.0% on a year-over-year basis. sell-side analysts anticipate that Sprouts Farmers Market Inc will post 1.27 EPS for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has approved a share repurchase plan on Thursday, February 22nd that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Sprouts Farmers Market by 1.5% in the fourth quarter. BlackRock Inc. now owns 10,656,767 shares of the company’s stock valued at $259,493,000 after buying an additional 162,367 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its holdings in shares of Sprouts Farmers Market by 60.2% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 3,457,233 shares of the company’s stock valued at $84,183,000 after buying an additional 1,299,240 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sprouts Farmers Market by 49.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock valued at $37,717,000 after buying an additional 665,598 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Sprouts Farmers Market by 103.3% in the fourth quarter. Millennium Management LLC now owns 1,439,420 shares of the company’s stock valued at $35,050,000 after buying an additional 731,398 shares during the last quarter. Finally, Clearbridge LLC raised its holdings in shares of Sprouts Farmers Market by 19.9% in the fourth quarter. Clearbridge LLC now owns 1,216,297 shares of the company’s stock valued at $29,617,000 after buying an additional 201,900 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on SFM. Susquehanna Bancshares set a $30.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Thursday, January 11th. Deutsche Bank boosted their target price on shares of Sprouts Farmers Market from $24.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. BMO Capital Markets reiterated a “hold” rating and set a $32.00 target price on shares of Sprouts Farmers Market in a research note on Wednesday, January 24th. Stephens set a $27.00 target price on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Finally, Northcoast Research set a $32.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $27.11.

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Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Insider Buying and Selling by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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