Timmi Zalatoris Sells 775 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Timmi Zalatoris sold 775 shares of Sprouts Farmers Market stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $106,500.50. Following the transaction, the insider now directly owns 15,943 shares of the company’s stock, valued at $2,190,887.06. This trade represents a 4.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Timmi Zalatoris also recently made the following trade(s):

• On Friday, March 14th, Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $134.97, for a total value of $143,743.05.

Sprouts Farmers Market Trading Up 2.2 %

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

Sprouts Farmers Market (NASDAQ:SFM) last posted 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. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Analysts Set New Price Targets

SFM has been the subject of several research reports. Roth Mkm lifted their price target 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. UBS Group boosted their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their target price for the company from $163.00 to $190.00 in a research note on Monday. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $162.92.

Institutional Trading of Sprouts Farmers Market

A number of institutional investors have recently modified their holdings of SFM. Norges Bank purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $143,113,000. Congress Asset Management Co. grew its holdings in shares of Sprouts Farmers Market by 94.9% during the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock worth $165,034,000 after purchasing an additional 632,523 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $64,117,000. Leigh Baldwin & CO. LLC purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $53,946,000. Finally, Invesco Ltd. grew its holdings in shares of Sprouts Farmers Market by 22.9% during the 4th quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock worth $201,139,000 after purchasing an additional 294,553 shares during the period.

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.