Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Sells $302,680.00 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Timmi Zalatoris sold 2,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $151.34, for a total value of $302,680.00. Following the completion of the sale, the insider now owns 13,263 shares in the company, valued at $2,007,222.42. This represents a 13.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Timmi Zalatoris also recently made the following trade(s):

• On Wednesday, March 19th, Timmi Zalatoris sold 736 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.45, for a total transaction of $101,163.20.
• On Monday, March 17th, Timmi Zalatoris sold 775 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $137.42, for a total transaction of $106,500.50.
• On Friday, March 14th, Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05.

Sprouts Farmers Market Price Performance

SFM stock traded up $2.61 during mid-day trading on Tuesday, hitting $155.25. 1,313,198 shares of the stock were exchanged, compared to its average volume of 1,381,834. The business has a fifty day moving average price of $152.20 and a 200 day moving average price of $138.45. Sprouts Farmers Market, Inc. has a 12 month low of $61.61 and a 12 month 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 stock has a market capitalization of $15.22 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SFM shares. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Roth Mkm upped their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Jefferies Financial Group increased their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $160.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, March 25th. Finally, Bank of America upped their target price 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. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average target price of $167.00.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market during the fourth quarter valued at about $31,000. Avior Wealth Management LLC lifted its stake in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the last quarter. GeoWealth Management LLC boosted its holdings in 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 acquiring an additional 142 shares during the period. Global Retirement Partners LLC grew its position in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Sprouts Farmers Market in the 4th quarter worth approximately $51,000.

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.