Sprouts Farmers Market Inc (SFM) CEO Bradley Lukow Buys 10,000 Shares

Sprouts Farmers Market Inc (NASDAQ:SFM) CEO Bradley Lukow acquired 10,000 shares of the business’s stock in a transaction on Friday, November 30th. The stock was purchased at an average price of $23.09 per share, for a total transaction of $230,900.00. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Sprouts Farmers Market stock traded down $4.01 during trading on Friday, reaching $23.02. The company had a trading volume of 16,106,493 shares, compared to its average volume of 1,750,611. The firm has a market cap of $3.45 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 1.15. Sprouts Farmers Market Inc has a fifty-two week low of $20.63 and a fifty-two week high of $29.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. Sprouts Farmers Market had a net margin of 3.65% and a return on equity of 25.85%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 EPS. On average, equities analysts predict that Sprouts Farmers Market Inc will post 1.28 earnings per share for the current year.

SFM has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Zacks Investment Research restated a “hold” rating on shares of Sprouts Farmers Market in a research note on Thursday, November 15th. Sanford C. Bernstein began coverage on shares of Sprouts Farmers Market in a research note on Friday, November 16th. They issued an “underperform” rating and a $23.00 target price on the stock. Jefferies Financial Group set a $26.00 target price on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research note on Friday, August 3rd. Finally, Oppenheimer upped their target price on shares of Sprouts Farmers Market from $25.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, September 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.42.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC raised its stake in Sprouts Farmers Market by 39.0% during the third quarter. Clearbridge Investments LLC now owns 3,817,241 shares of the company’s stock worth $104,631,000 after acquiring an additional 1,070,177 shares during the period. Legal & General Group Plc raised its stake in Sprouts Farmers Market by 3.2% during the third quarter. Legal & General Group Plc now owns 177,629 shares of the company’s stock worth $4,869,000 after acquiring an additional 5,465 shares during the period. Rehmann Capital Advisory Group raised its stake in Sprouts Farmers Market by 2,641.0% during the third quarter. Rehmann Capital Advisory Group now owns 47,611 shares of the company’s stock worth $1,737,000 after acquiring an additional 45,874 shares during the period. Csenge Advisory Group acquired a new stake in Sprouts Farmers Market during the third quarter worth about $195,000. Finally, Verition Fund Management LLC acquired a new stake in Sprouts Farmers Market during the third quarter worth about $1,973,000. Hedge funds and other institutional investors own 91.95% of the company’s stock.

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About Sprouts Farmers Market

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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