Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Sells 1,065 Shares of Stock

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

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 value of $106,500.50.

Sprouts Farmers Market Trading Down 2.3 %

Sprouts Farmers Market stock opened at $137.81 on Wednesday. Sprouts Farmers Market, Inc. has a fifty-two week low of $60.46 and a fifty-two week high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The stock has a market cap of $13.59 billion, a P/E ratio of 36.65, a PEG ratio of 2.31 and a beta of 0.67. The firm’s fifty day moving average price is $150.79 and its 200-day moving average price is $135.17.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The business 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%. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Friday, February 28th. Evercore ISI decreased their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Bank of America upped their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. upped their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets raised 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. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $162.92.

Hedge Funds Weigh In On Sprouts Farmers Market

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

Sprouts Farmers Market Company Profile

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.