Alisa Gmelich Sells 445 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Alisa Gmelich sold 445 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the transaction, the chief marketing officer now owns 4,436 shares in the company, valued at approximately $609,595.12. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $140.82 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The stock has a market cap of $13.88 billion, a P/E ratio of 37.45, a PEG ratio of 2.31 and a beta of 0.67. The company has a 50-day moving average price of $150.80 and a 200 day moving average price of $135.21. Sprouts Farmers Market, Inc. has a 12-month low of $60.46 and a 12-month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on SFM. JPMorgan Chase & Co. boosted their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Friday, February 28th. Bank of America increased their price target on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. BMO Capital Markets raised their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Finally, Roth Mkm raised their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $162.92.

Institutional Trading of Sprouts Farmers Market

A number of institutional investors and hedge funds have recently bought and sold shares of the business. 111 Capital purchased a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $1,006,000. Wealth Enhancement Advisory Services LLC boosted its position in Sprouts Farmers Market by 24.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,954 shares of the company’s stock valued at $757,000 after buying an additional 1,178 shares during the period. Centaurus Financial Inc. grew its stake in shares of Sprouts Farmers Market by 8.4% in the fourth quarter. Centaurus Financial Inc. now owns 1,466 shares of the company’s stock worth $186,000 after acquiring an additional 113 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new position in shares of Sprouts Farmers Market in the fourth quarter worth $613,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter worth $14,198,000.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.