Sprouts Farmers Market Inc (NASDAQ:SFM) Director Steven H. Townsend bought 2,000 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were acquired at an average price of $24.31 per share, with a total value of $48,620.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of NASDAQ SFM traded up $0.09 during midday trading on Thursday, reaching $24.24. 68,879 shares of the stock were exchanged, compared to its average volume of 2,705,313. The company has a market cap of $3.08 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.57 and a beta of 0.79. Sprouts Farmers Market Inc has a 52-week low of $20.63 and a 52-week high of $29.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 0.30.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, analysts anticipate that Sprouts Farmers Market Inc will post 1.28 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of SFM. Voya Investment Management LLC grew its holdings in shares of Sprouts Farmers Market by 5,016.0% during the second quarter. Voya Investment Management LLC now owns 2,412,642 shares of the company’s stock worth $53,246,000 after buying an additional 2,365,483 shares in the last quarter. Laurion Capital Management LP purchased a new stake in shares of Sprouts Farmers Market during the second quarter worth about $38,674,000. Clearbridge Investments LLC grew its holdings in shares of 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 buying an additional 1,070,177 shares in the last quarter. Hennessy Advisors Inc. grew its holdings in shares of Sprouts Farmers Market by 707.4% during the third quarter. Hennessy Advisors Inc. now owns 1,151,400 shares of the company’s stock worth $31,560,000 after buying an additional 1,008,800 shares in the last quarter. Finally, Waddell & Reed Financial Inc. grew its holdings in shares of Sprouts Farmers Market by 13.8% during the second quarter. Waddell & Reed Financial Inc. now owns 5,722,550 shares of the company’s stock worth $126,296,000 after buying an additional 694,448 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.
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Sprouts Farmers Market Company Profile
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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