James H. Bahrenburg Sells 307 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CTO James H. Bahrenburg sold 307 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $139.42, for a total value of $42,801.94. Following the transaction, the chief technology officer now directly owns 13,459 shares of the company's stock, valued at $1,876,453.78. This represents a 2.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock traded up $4.28 during mid-day trading on Tuesday, reaching $149.70. 1,712,769 shares of the stock were exchanged, compared to its average volume of 1,313,002. Sprouts Farmers Market, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $178.99. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 39.81, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The firm has a 50-day simple moving average of $151.25 and a 200 day simple moving average of $136.70. 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 (NASDAQ:SFM - Get Free Report) last posted 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 company had revenue of $2 billion during 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%. On average, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

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Analysts Set New Price Targets

SFM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and raised their price objective for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Evercore ISI cut their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Bank of America increased their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, UBS Group boosted their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $167.00.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors and hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprouts Farmers Market during the 4th quarter worth about $31,000. GeoWealth Management LLC raised its stake in shares of Sprouts Farmers Market by 115.4% in 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. Avior Wealth Management LLC lifted 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 purchasing an additional 130 shares in the last quarter. Global Retirement Partners LLC grew its stake 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 valued at $37,000 after purchasing an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake 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 valued at $40,000 after purchasing 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.