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

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

Sprouts Farmers Market Stock Up 2.2 %

NASDAQ SFM 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. Sprouts Farmers Market, Inc. has a 12 month low of $60.46 and a 12 month high of $178.99. The stock’s 50 day moving average is $150.80 and its 200 day moving average is $135.21. The stock has a market cap of $13.88 billion, a PE ratio of 37.45, a P/E/G ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced 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. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Institutional Trading of Sprouts Farmers Market

Institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sprouts Farmers Market during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC increased its stake in Sprouts Farmers Market by 93.5% in 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 during the period. GeoWealth Management LLC grew its holdings in shares of Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after purchasing an additional 142 shares during the last quarter. Global Retirement Partners LLC increased its stake in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after buying an additional 132 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have issued reports on SFM shares. 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. Evercore ISI cut their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Jefferies Financial Group lifted their price target 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. 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 research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and increased their target price for the company from $163.00 to $190.00 in a report 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.com, Sprouts Farmers Market presently 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.