Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Sells 445 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CMO Alisa Gmelich sold 445 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the completion of the sale, the chief marketing officer now directly owns 4,436 shares in the company, valued at $609,595.12. This represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $139.43, for a total transaction of $40,295.27.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock traded up $2.62 during mid-day trading on Friday, reaching $142.39. The company's stock had a trading volume of 2,133,233 shares, compared to its average volume of 1,316,197. The firm has a market cap of $13.96 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67. The business has a 50 day moving average price of $150.88 and a 200-day moving average price of $136.02. 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 twelve month low of $61.61 and a twelve month high of $178.99.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The firm 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%. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SFM. JPMorgan Chase & Co. lifted their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Jefferies Financial Group lifted their price target on shares of 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 lifted their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research 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 target on the stock in a research report on Friday, February 28th. Finally, BMO Capital Markets lifted their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company 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. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of "Hold" and an average price target of $162.92.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market during the fourth quarter worth about $31,000. Avior Wealth Management LLC grew its position in shares of Sprouts Farmers Market by 93.5% during the fourth 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 last quarter. GeoWealth Management LLC grew its position in shares of Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after acquiring an additional 142 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Sprouts Farmers Market by 84.1% during the fourth 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 last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock worth $40,000 after acquiring an additional 162 shares during the last quarter.

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.