Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CTO Sells 307 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CTO James H. Bahrenburg sold 307 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $139.42, for a total value of $42,801.94. Following the sale, the chief technology officer now directly owns 13,459 shares of the company’s stock, valued at approximately $1,876,453.78. This represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Sprouts Farmers Market Trading Up 1.9 %

Shares of SFM stock opened at $142.39 on Monday. Sprouts Farmers Market, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $178.99. The stock has a market cap of $13.96 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67. The business has a fifty day simple moving average of $150.88 and a 200-day simple moving average of $136.02. 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 (NASDAQ:SFM) last announced its quarterly earnings results 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. 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 analysts’ expectations of $1.96 billion. On average, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SFM shares. JPMorgan Chase & Co. increased their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Evercore ISI decreased their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. BMO Capital Markets increased their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. The Goldman Sachs Group increased their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average target price of $162.92.

Institutional Trading of Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SFM. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market during the 4th quarter worth about $31,000. Avior Wealth Management LLC increased its position 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 purchasing an additional 130 shares in the last quarter. GeoWealth Management LLC increased its position in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after purchasing an additional 142 shares in the last quarter. Global Retirement Partners LLC increased 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 purchasing an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares in the last quarter.

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.