Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Timmi Zalatoris Sells 736 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Timmi Zalatoris sold 736 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $137.45, for a total transaction of $101,163.20. Following the completion of the transaction, the insider now owns 13,575 shares in the company, valued at $1,865,883.75. The trade was a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, March 17th, Timmi Zalatoris sold 775 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $137.42, for a total transaction of $106,500.50.
• On Friday, March 14th, Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05.

Sprouts Farmers Market Price Performance

Shares of SFM stock traded down $1.05 during trading hours on Thursday, reaching $139.77. 1,028,809 shares of the company were exchanged, compared to its average volume of 1,312,466. Sprouts Farmers Market, Inc. has a fifty-two week low of $60.46 and a fifty-two week high of $178.99. The stock’s fifty day moving average is $150.80 and its two-hundred day moving average is $135.21. The company has a market cap of $13.78 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 2.31 and a beta of 0.67. 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 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. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sprouts Farmers Market

Large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the fourth quarter worth approximately $31,000. GeoWealth Management LLC lifted its holdings in 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 lifted its holdings in Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after buying an additional 130 shares during the period. Global Retirement Partners LLC lifted its holdings in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after buying an additional 132 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Roth Mkm raised their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and raised their price target for the stock from $163.00 to $190.00 in a research report on Monday. The Goldman Sachs Group raised their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Jefferies Financial Group raised their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Finally, Evercore ISI decreased their price target on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. 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, the company has an average 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.