Investors Buy Large Volume of Sprouts Farmers Market Call Options (NASDAQ:SFM)


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Sprouts Farmers Market, Inc. (NASDAQ:SFM) saw some unusual options trading on Wednesday. Investors bought 11,729 call options on the company. This represents an increase of approximately 380% compared to the average daily volume of 2,443 call options.

A number of equities analysts have issued reports on SFM shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Sprouts Farmers Market from $33.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, October 29th. BidaskClub upgraded Sprouts Farmers Market from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 22nd. Gordon Haskett downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Tuesday, October 20th. MKM Partners decreased their price objective on Sprouts Farmers Market from $39.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, November 3rd. Finally, Bank of America cut their target price on Sprouts Farmers Market from $23.00 to $19.00 and set an “underperform” rating on the stock in a research note on Thursday, October 29th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Sprouts Farmers Market presently has an average rating of “Hold” and an average target price of $23.67.

Sprouts Farmers Market stock opened at $20.19 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.62. Sprouts Farmers Market has a one year low of $13.00 and a one year high of $28.00. The stock has a market capitalization of $2.38 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 1.09 and a beta of 0.12. The business’s fifty day moving average is $20.13 and its 200 day moving average is $22.08.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.35 by $0.17. Sprouts Farmers Market had a return on equity of 34.45% and a net margin of 3.56%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.63 billion. As a group, sell-side analysts expect that Sprouts Farmers Market will post 2.12 EPS for the current fiscal year.

In other Sprouts Farmers Market news, Director Joe Fortunato bought 13,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average price of $18.80 per share, for a total transaction of $244,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Fruth Investment Management lifted its holdings in Sprouts Farmers Market by 5.5% in the fourth quarter. Fruth Investment Management now owns 19,050 shares of the company’s stock valued at $382,000 after acquiring an additional 1,000 shares during the period. Fulton Bank N.A. lifted its holdings in Sprouts Farmers Market by 5.9% in the fourth quarter. Fulton Bank N.A. now owns 13,809 shares of the company’s stock valued at $278,000 after acquiring an additional 767 shares during the period. Strs Ohio lifted its holdings in Sprouts Farmers Market by 25.3% in the third quarter. Strs Ohio now owns 84,084 shares of the company’s stock valued at $1,759,000 after acquiring an additional 16,982 shares during the period. Virtu Financial LLC bought a new position in Sprouts Farmers Market in the third quarter valued at about $366,000. Finally, Brinker Capital Investments LLC bought a new position in Sprouts Farmers Market in the third quarter valued at about $321,000. 96.18% of the stock is currently owned by institutional investors.

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, packaged groceries, meat and seafood, deli, vitamins and supplements, dairy and dairy alternatives, bulk items, baked goods, frozen foods, natural health and body care, beer and wine, and household items.

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