Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Timmi Zalatoris Sells 775 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Timmi Zalatoris sold 775 shares of Sprouts Farmers Market stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $106,500.50. Following the completion of the transaction, the insider now owns 15,943 shares in the company, valued at $2,190,887.06. The trade was a 4.64 % decrease in their position. The sale was disclosed in a legal 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 value of $143,743.05.

Sprouts Farmers Market Stock Down 2.3 %

NASDAQ SFM traded down $3.18 during mid-day trading on Tuesday, reaching $137.81. 904,025 shares of the company’s stock traded hands, compared to its average volume of 1,316,725. The company has a fifty day simple moving average of $150.81 and a 200-day simple moving average of $134.93. Sprouts Farmers Market, Inc. has a 1-year low of $60.46 and a 1-year high of $178.99. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 2.31 and a beta of 0.67. 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 (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion during 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%. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprouts Farmers Market in the fourth quarter worth about $31,000. Avior Wealth Management LLC lifted its holdings 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 buying an additional 130 shares during the last quarter. GeoWealth Management LLC grew its position in shares of Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after acquiring an additional 142 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of 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 acquiring an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of 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 acquiring an additional 162 shares in the last quarter.

Analyst Upgrades and Downgrades

SFM has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. UBS Group raised their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and raised their price objective for the company from $163.00 to $190.00 in a research report on Monday. Finally, Bank of America upped their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.