Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Sells $101,163.20 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Timmi Zalatoris sold 736 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $137.45, for a total transaction of $101,163.20. Following the completion of the transaction, the insider now directly owns 13,575 shares in the company, valued at $1,865,883.75. The trade was a 5.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $139.77 on Friday. The firm’s 50-day simple moving average is $150.79 and its 200 day simple moving average is $135.24. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market cap of $13.78 billion, a P/E ratio of 37.17, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at about $31,000. Avior Wealth Management LLC boosted its position in shares of Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the period. GeoWealth Management LLC increased its position in Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after acquiring an additional 142 shares during the period. Global Retirement Partners LLC raised its stake in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SFM shares. Wells Fargo & Company lifted their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, February 21st. Jefferies Financial Group boosted their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.