Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Timmi Zalatoris Sells 1,065 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock in a transaction on Friday, March 14th. The shares were sold at an average price of $134.97, for a total value of $143,743.05. Following the transaction, the insider now owns 9,830 shares of the company’s stock, valued at $1,326,755.10. The trade was a 9.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 value of $106,500.50.

Sprouts Farmers Market Stock Performance

Shares of SFM traded down $3.18 during trading hours on Tuesday, hitting $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 debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a 12 month low of $60.46 and a 12 month high of $178.99. The firm has a market capitalization of $13.59 billion, a PE ratio of 36.65, a PEG ratio of 2.31 and a beta of 0.67. The stock has a fifty day moving average price of $150.81 and a 200 day moving average price of $134.93.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.96 billion. Analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Institutional Trading of Sprouts Farmers Market

Hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sprouts Farmers Market during the fourth quarter valued at about $31,000. Avior Wealth Management LLC grew its holdings in Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after purchasing an additional 130 shares during the period. GeoWealth Management LLC grew its holdings in Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after purchasing an additional 142 shares during the period. Global Retirement Partners LLC grew its holdings in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in Sprouts Farmers Market by 80.6% during the third 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 period.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Bank of America boosted their price target on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Roth Mkm boosted their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Jefferies Financial Group boosted their price target 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. Finally, UBS Group boosted their price target 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. 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, the stock currently has a consensus rating of “Hold” and an average price target of $162.92.

About Sprouts Farmers Market

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.