Sprouts Farmers Market (NYSE:SFM) CEO James Douglas Sanders sold 263,334 shares of the stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $33.17, for a total value of $8,734,788.78. Following the completion of the sale, the chief executive officer now directly owns 32,996 shares in the company, valued at approximately $1,094,477.32. The sale was disclosed in a legal filing with the SEC, which is available at this link.
SFM has been the subject of a number of recent research reports. Analysts at Sterne Agee initiated coverage on shares of Sprouts Farmers Market in a research note on Friday, March 20th. They set a “neutral” rating and a $38.00 price target on the stock. Analysts at BB&T Corp. initiated coverage on shares of Sprouts Farmers Market in a research note on Wednesday, February 25th. They set a “buy” rating and a $46.00 price target on the stock. Analysts at Deutsche Bank set a $30.00 price target on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research note on Thursday, February 19th. Finally, analysts at SunTrust raised their price target on shares of Sprouts Farmers Market from $39.00 to $45.00 in a research note on Friday, February 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $35.59.
Shares of Sprouts Farmers Market (NYSE:SFM) traded up 1.21% during mid-day trading on Monday, hitting $33.55. The stock had a trading volume of 1,011,698 shares. Sprouts Farmers Market has a 1-year low of $25.73 and a 1-year high of $38.45. The stock’s 50-day moving average is $35. and its 200-day moving average is $32.. The company has a market cap of $5.10 billion and a price-to-earnings ratio of 47.93.
Sprouts Farmers Market (NYSE:SFM) last announced its earnings results on Wednesday, February 25th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.03. The company had revenue of $734.60 million for the quarter, compared to the consensus estimate of $721.97 million. On average, analysts predict that Sprouts Farmers Market will post $0.88 earnings per share for the current fiscal year.