Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Sells $61,151.90 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Alisa Gmelich sold 445 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $61,151.90. Following the transaction, the chief marketing officer now directly owns 4,436 shares of the company’s stock, valued at $609,595.12. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Alisa Gmelich also recently made the following trade(s):

• On Thursday, March 20th, Alisa Gmelich sold 289 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $139.43, for a total value of $40,295.27.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $142.39 on Friday. The firm has a market cap of $14.04 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 1-year low of $61.61 and a 1-year high of $178.99. The business’s 50 day moving average is $150.88 and its 200-day moving average is $135.50.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping 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 company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Hedge Funds 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 Sprouts Farmers Market during the 4th quarter worth $31,000. GeoWealth Management LLC increased its stake 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 acquiring an additional 142 shares during the period. Avior Wealth Management LLC increased its stake 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 acquiring an additional 130 shares during the period. Global Retirement Partners LLC increased its stake 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 acquiring an additional 132 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Sprouts Farmers Market by 80.6% in 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 last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SFM shares. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Friday, February 28th. Jefferies Financial Group increased their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Roth Mkm raised their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.