James H. Bahrenburg Sells 307 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CTO James H. Bahrenburg sold 307 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $139.42, for a total transaction of $42,801.94. Following the sale, the chief technology officer now directly owns 13,459 shares in the company, valued at $1,876,453.78. This trade represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sprouts Farmers Market Stock Up 1.9 %

Sprouts Farmers Market stock opened at $142.39 on Friday. 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 stock has a market capitalization of $13.96 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The business has a 50 day simple moving average of $150.88 and a 200-day simple moving average of $135.75. Sprouts Farmers Market, Inc. has a 12 month low of $61.61 and a 12 month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SFM shares. The Goldman Sachs Group increased their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Wells Fargo & Company raised their price target on shares of 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 upped their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a report on Friday, February 21st. Roth Mkm increased 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. Finally, Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Friday, February 28th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average 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.