Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP Sells 229 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP Stacy W. Hilgendorf sold 229 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $139.43, for a total value of $31,929.47. Following the completion of the transaction, the vice president now directly owns 10,226 shares of the company’s stock, valued at approximately $1,425,811.18. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $142.39 on Monday. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99. The business has a 50 day simple moving average of $150.88 and a 200-day simple moving average of $136.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

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

Institutional Investors Weigh In On Sprouts Farmers Market

Several institutional investors have recently modified their holdings of SFM. Wesbanco Bank Inc. raised its holdings in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock worth $3,642,000 after buying an additional 77 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 4.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after buying an additional 77 shares during the period. Greenleaf Trust raised its holdings in shares of Sprouts Farmers Market by 1.2% in the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after buying an additional 80 shares during the period. Foundations Investment Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock worth $845,000 after buying an additional 90 shares during the period. Finally, Summit Investment Advisors Inc. raised its holdings in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock worth $3,896,000 after buying an additional 95 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SFM shares. Jefferies Financial Group upped their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. upped their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. UBS Group upped their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Bank of America increased their price target on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company increased their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. 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, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus price target 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.