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

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) insider Timmi Zalatoris sold 736 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $137.45, for a total value of $101,163.20. Following the completion of the transaction, the insider now directly owns 13,575 shares in the company, valued at $1,865,883.75. This trade represents a 5.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $134.97, for a total transaction of $143,743.05.

Sprouts Farmers Market Trading Up 2.1 %

Sprouts Farmers Market stock traded up $3.03 during mid-day trading on Monday, hitting $145.42. The company's stock had a trading volume of 1,745,596 shares, compared to its average volume of 1,317,913. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The company has a 50 day moving average of $150.88 and a 200-day moving average of $136.02. Sprouts Farmers Market, Inc. has a one year low of $61.61 and a one year high of $178.99. The stock has a market cap of $14.26 billion, a PE ratio of 38.68, a P/E/G ratio of 2.31 and a beta of 0.67.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.79 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 firm had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.96 billion. On average, research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its holdings in Sprouts Farmers Market by 34.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,462 shares of the company's stock worth $493,000 after purchasing an additional 1,135 shares during the period. KBC Group NV grew its position in shares of Sprouts Farmers Market by 11.3% during the 3rd quarter. KBC Group NV now owns 2,566 shares of the company's stock worth $283,000 after buying an additional 261 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Sprouts Farmers Market during the third quarter valued at $207,000. CIBC Asset Management Inc raised its holdings in shares of Sprouts Farmers Market by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company's stock valued at $322,000 after acquiring an additional 101 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Sprouts Farmers Market by 17.0% in the third quarter. Natixis Advisors LLC now owns 25,183 shares of the company's stock worth $2,780,000 after acquiring an additional 3,651 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Northcoast Research raised Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a report on Friday, February 28th. Bank of America lifted their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. BMO Capital Markets upped their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a research note on Friday, February 21st. Roth Mkm increased their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus 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.