Today, a Director at Sprouts Farmers (SFM), Shon Boney, bought shares of SFM for $2.02M.
This recent transaction increases Shon Boney’s holding in the company by 1569.71% to a total of $2.54 million. In addition to Shon Boney, 2 other SFM executives reported Buy trades in the last month.
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Based on Sprouts Farmers’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.33 billion and quarterly net profit of $37.5 million. In comparison, last year the company earned revenue of $1.21 billion and had a net profit of $31.49 million. SFM’s market cap is $3.45B and the company has a P/E ratio of 19.25. Currently, Sprouts Farmers has an average volume of 16.1M.
Based on 10 analyst ratings, the analyst consensus is Hold with an average price target of $27.00, reflecting a 17.3% upside. Three different firms, including UBS and Citigroup, currently also have a Buy rating on the stock.
The insider sentiment on Sprouts Farmers has been negative according to 57 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Shon Boney’s trades have generated a 11.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Sprouts Farmers Markets, Inc. engages in the provision of healthy grocery stores. It specializes in fresh, natural, and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care, and natural household items.
