Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Sells $143,743.05 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Timmi Zalatoris sold 1,065 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $134.97, for a total transaction of $143,743.05. Following the sale, the insider now directly owns 9,830 shares in the company, valued at approximately $1,326,755.10. The trade was a 9.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, March 19th, Timmi Zalatoris sold 736 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.45, for a total transaction of $101,163.20.
• On Monday, March 17th, Timmi Zalatoris sold 775 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.42, for a total transaction of $106,500.50.

Sprouts Farmers Market Price Performance

SFM stock opened at $139.77 on Friday. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 2.31 and a beta of 0.67. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12-month low of $61.61 and a 12-month high of $178.99. The company’s fifty day simple moving average is $150.79 and its 200 day simple moving average is $135.24.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. On average, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

Several institutional investors have recently made changes to their positions in SFM. Apollon Wealth Management LLC raised its holdings in shares of Sprouts Farmers Market by 14.2% during the third quarter. Apollon Wealth Management LLC now owns 3,185 shares of the company’s stock valued at $352,000 after purchasing an additional 397 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Sprouts Farmers Market during the third quarter valued at about $1,942,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Sprouts Farmers Market by 34.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,462 shares of the company’s stock valued at $493,000 after purchasing an additional 1,135 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Sprouts Farmers Market by 90.3% during the third quarter. Oppenheimer & Co. Inc. now owns 14,071 shares of the company’s stock worth $1,554,000 after acquiring an additional 6,675 shares in the last quarter. Finally, KBC Group NV lifted its position in Sprouts Farmers Market by 11.3% in the 3rd quarter. KBC Group NV now owns 2,566 shares of the company’s stock valued at $283,000 after acquiring an additional 261 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on SFM. BMO Capital Markets boosted their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, February 21st. Roth Mkm boosted their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Jefferies Financial Group boosted their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group boosted their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Bank of America boosted their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus target price of $162.92.

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.