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 the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $106,500.50. Following the sale, the insider now directly owns 15,943 shares in the company, valued at approximately $2,190,887.06. The trade was a 4.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 transaction of $143,743.05.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $140.82 on Thursday. The firm’s fifty day moving average price is $150.80 and its 200 day moving average price is $135.21. Sprouts Farmers Market, Inc. has a 1-year low of $60.46 and a 1-year high of $178.99. 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 firm has a market cap of $13.88 billion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its 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 for 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, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analyst Ratings Changes

SFM has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Jefferies Financial Group lifted their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $162.92.

Institutional Investors Weigh In On Sprouts Farmers Market

Institutional investors have recently made changes to their positions in the stock. Unified Investment Management purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter worth $1,161,000. JPMorgan Chase & Co. boosted its position in shares of Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after purchasing an additional 156,175 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth $13,348,000. First Hawaiian Bank purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter worth $1,517,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Sprouts Farmers Market by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after purchasing an additional 48,103 shares in the last quarter.

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.