Daniel Bruni Acquires 15,000 Shares of Sprouts Farmers Market, Inc. (SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Daniel Bruni purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average cost of $19.00 per share, with a total value of $285,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) opened at 19.01 on Wednesday. The firm’s 50-day moving average is $21.94 and its 200-day moving average is $22.59. Sprouts Farmers Market, Inc. has a 52 week low of $17.38 and a 52 week high of $25.98. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 21.43 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. On average, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post $0.93 EPS for the current fiscal year.

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A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets set a $24.00 target price on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a report on Tuesday, August 29th. Morgan Stanley lowered shares of Sprouts Farmers Market from an “overweight” rating to an “equal” rating and upped their target price for the stock from $21.00 to $23.00 in a report on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $28.00 target price on shares of Sprouts Farmers Market in a report on Friday, June 30th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a report on Tuesday, June 27th. Finally, Jefferies Group LLC set a $26.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.25.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Sprouts Farmers Market by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 10,568,169 shares of the company’s stock valued at $239,580,000 after purchasing an additional 104,072 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Sprouts Farmers Market by 0.8% in the 2nd quarter. BlackRock Inc. now owns 10,286,759 shares of the company’s stock valued at $233,201,000 after purchasing an additional 81,799 shares in the last quarter. Carve CapitalAB lifted its stake in shares of Sprouts Farmers Market by 54.1% in the 1st quarter. Carve CapitalAB now owns 4,100,000 shares of the company’s stock valued at $95,412,000 after purchasing an additional 1,439,258 shares in the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of Sprouts Farmers Market by 4.8% in the 1st quarter. TimesSquare Capital Management LLC now owns 3,589,600 shares of the company’s stock valued at $82,992,000 after purchasing an additional 163,200 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Sprouts Farmers Market by 26.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,421,148 shares of the company’s stock valued at $77,557,000 after purchasing an additional 719,381 shares in the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.

About Sprouts Farmers Market

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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