Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) insider Timmi Zalatoris sold 311 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $83.97, for a total transaction of $26,114.67. Following the completion of the transaction, the insider directly owned 13,471 shares of the company’s stock, valued at $1,131,159.87. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Timmi Zalatoris also recently made the following trade(s):
- On Monday, March 23rd, Timmi Zalatoris sold 426 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $78.52, for a total value of $33,449.52.
- On Thursday, March 19th, Timmi Zalatoris sold 585 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $83.84, for a total value of $49,046.40.
- On Wednesday, March 18th, Timmi Zalatoris sold 9,820 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $83.93, for a total value of $824,192.60.
- On Monday, March 16th, Timmi Zalatoris sold 3,668 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $80.82, for a total value of $296,447.76.
- On Friday, March 13th, Timmi Zalatoris sold 104 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $79.38, for a total value of $8,255.52.
Sprouts Farmers Market Price Performance
NASDAQ:SFM traded down $2.90 during trading hours on Monday, reaching $78.90. The company had a trading volume of 3,137,831 shares, compared to its average volume of 3,125,125. The company has a quick ratio of 0.44, a current ratio of 0.93 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $73.86 and a two-hundred day moving average of $87.75. Sprouts Farmers Market, Inc. has a one year low of $64.75 and a one year high of $182.00. The firm has a market capitalization of $7.46 billion, a PE ratio of 15.43, a PEG ratio of 1.76 and a beta of 0.76.
Analyst Ratings Changes
A number of research firms have commented on SFM. Zacks Research upgraded shares of Sprouts Farmers Market from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Roth Mkm reiterated a “neutral” rating and issued a $74.00 target price on shares of Sprouts Farmers Market in a research note on Friday, February 20th. Evercore raised Sprouts Farmers Market to a “strong-buy” rating in a report on Friday, February 20th. JPMorgan Chase & Co. decreased their price target on Sprouts Farmers Market from $88.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Finally, Wells Fargo & Company cut their price objective on Sprouts Farmers Market from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.75.
Read Our Latest Research Report on SFM
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. acquired a new position in Sprouts Farmers Market during the 2nd quarter worth $29,000. Root Financial Partners LLC acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at $26,000. Smartleaf Asset Management LLC raised its position in shares of Sprouts Farmers Market by 98.6% during the third quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 141 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Sprouts Farmers Market during the third quarter valued at $33,000. Finally, TD Private Client Wealth LLC boosted its holdings in Sprouts Farmers Market by 1,309.1% in the fourth quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock valued at $25,000 after acquiring an additional 288 shares during the last quarter.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.
Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.
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