Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Sells $61,151.90 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Alisa Gmelich sold 445 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 $61,151.90. Following the completion of the transaction, the chief marketing officer now owns 4,436 shares in the company, valued at approximately $609,595.12. The trade was a 9.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Alisa Gmelich also recently made the following trade(s):

• On Thursday, March 20th, Alisa Gmelich sold 289 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $139.43, for a total value of $40,295.27.

Sprouts Farmers Market Stock Up 1.9 %

Shares of NASDAQ:SFM opened at $142.39 on Friday. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67. 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 business’s 50-day moving average is $150.88 and its 200-day moving average is $135.50. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Bank of America raised their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. The Goldman Sachs Group raised 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. UBS Group raised their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Wells Fargo & Company raised their price objective on 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, Jefferies Financial Group raised their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Nine investment 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 presently has an average rating of “Hold” and a consensus target price of $162.92.

Institutional Trading of Sprouts Farmers Market

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Unified Investment Management bought a new stake in Sprouts Farmers Market in the 4th quarter valued at about $1,161,000. JPMorgan Chase & Co. increased its holdings in 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 bought a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $13,348,000. First Hawaiian Bank bought a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $1,517,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in 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.