Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Douglas Gregory Rauch Sells 1,000 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) Director Douglas Gregory Rauch sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $140.25, for a total value of $140,250.00. Following the sale, the director now directly owns 10,598 shares of the company's stock, valued at approximately $1,486,369.50. This represents a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sprouts Farmers Market Trading Up 2.1 %

Shares of NASDAQ:SFM traded up $3.03 during trading on Monday, hitting $145.42. 1,745,596 shares of the company's stock were exchanged, compared to its average volume of 1,317,913. 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 firm has a market cap of $14.26 billion, a P/E ratio of 38.68, a PEG ratio of 2.31 and a beta of 0.67. The firm has a 50-day moving average price of $150.88 and a two-hundred day moving average price of $136.02. Sprouts Farmers Market, Inc. has a 1-year low of $61.61 and a 1-year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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Institutional Trading of Sprouts Farmers Market

A number of institutional investors have recently made changes to their positions in SFM. Wesbanco Bank Inc. boosted its position in Sprouts Farmers Market by 0.3% during the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock worth $3,642,000 after purchasing an additional 77 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Sprouts Farmers Market by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after acquiring an additional 77 shares during the period. Greenleaf Trust increased its stake in shares of Sprouts Farmers Market by 1.2% during the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company's stock worth $853,000 after purchasing an additional 80 shares during the period. Foundations Investment Advisors LLC increased its position in Sprouts Farmers Market by 1.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock worth $845,000 after acquiring an additional 90 shares during the period. Finally, Summit Investment Advisors Inc. raised its stake in Sprouts Farmers Market by 0.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company's stock worth $3,896,000 after purchasing an additional 95 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SFM shares. The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Jefferies Financial Group lifted their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised 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 note on Monday, March 17th. Finally, StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus 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.