Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Timmi Zalatoris Sells 775 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Timmi Zalatoris sold 775 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $106,500.50. Following the transaction, the insider now owns 15,943 shares in the company, valued at approximately $2,190,887.06. This trade represents a 4.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, March 14th, Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $134.97, for a total value of $143,743.05.

Sprouts Farmers Market Trading Down 2.3 %

NASDAQ:SFM traded down $3.18 on Tuesday, reaching $137.81. The stock had a trading volume of 904,025 shares, compared to its average volume of 1,316,725. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 12-month low of $60.46 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 firm’s fifty day moving average is $150.81 and its two-hundred day moving average is $134.93.

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

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Sprouts Farmers Market by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock worth $1,347,554,000 after buying an additional 56,652 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Sprouts Farmers Market by 0.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company’s stock valued at $567,322,000 after acquiring an additional 24,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sprouts Farmers Market by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after acquiring an additional 56,161 shares during the period. Marshall Wace LLP boosted its position in shares of Sprouts Farmers Market by 10.1% in the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company’s stock worth $234,231,000 after acquiring an additional 168,605 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Sprouts Farmers Market by 22.9% in the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock valued at $201,139,000 after purchasing an additional 294,553 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SFM shares. UBS Group increased their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group increased their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Wells Fargo & Company boosted their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and increased their target price for the company from $163.00 to $190.00 in a report on Monday. Finally, BMO Capital Markets boosted their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average 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.