Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Sells 736 Shares of Stock

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

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

• On Monday, March 17th, Timmi Zalatoris sold 775 shares of Sprouts Farmers Market stock. The stock was 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 stock was sold at an average price of $134.97, for a total transaction of $143,743.05.

Sprouts Farmers Market Stock Down 0.7 %

SFM stock traded down $1.05 during midday trading on Thursday, reaching $139.77. The company had a trading volume of 1,028,809 shares, compared to its average volume of 1,312,466. Sprouts Farmers Market, Inc. has a 1 year low of $60.46 and a 1 year high of $178.99. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $13.78 billion, a P/E ratio of 37.17, a PEG ratio of 2.31 and a beta of 0.67. The company has a 50 day moving average of $150.80 and a two-hundred day moving average of $135.21.

Sprouts Farmers Market (NASDAQ:SFM) last released 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 company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Unified Investment Management bought a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $1,161,000. JPMorgan Chase & Co. raised its holdings in shares of Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after purchasing an additional 156,175 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at $13,348,000. First Hawaiian Bank bought a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $1,517,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Sprouts Farmers Market by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after purchasing an additional 48,103 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on SFM shares. Wells Fargo & Company raised their target price 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. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research note on Friday, February 28th. Bank of America raised their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Jefferies Financial Group raised their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Nine equities 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.com, the stock presently has an average rating of “Hold” and a consensus 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.