Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Timmi Zalatoris Sells 1,065 Shares

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

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 transaction of $106,500.50.

Sprouts Farmers Market Price Performance

SFM opened at $137.81 on Wednesday. The company has a 50 day moving average of $150.79 and a two-hundred day moving average of $135.17. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52-week low of $60.46 and a 52-week high of $178.99. The company has a market cap of $13.59 billion, a P/E ratio of 36.65, a P/E/G ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data 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 net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. On average, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Institutional Investors Weigh In On Sprouts Farmers Market

Hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth $31,000. GeoWealth Management LLC lifted its holdings in shares of Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after buying an additional 142 shares during the period. Avior Wealth Management LLC boosted its position in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after purchasing an additional 130 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after buying an additional 132 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in 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 purchasing an additional 162 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Friday, February 28th. Roth Mkm increased their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Jefferies Financial Group upped their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. UBS Group upped their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $162.92.

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.