Timmi Zalatoris Sells 2,000 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) insider Timmi Zalatoris sold 2,000 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $151.34, for a total transaction of $302,680.00. Following the transaction, the insider now directly owns 13,263 shares of the company's stock, valued at $2,007,222.42. This represents a 13.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Timmi Zalatoris also recently made the following trade(s):

• On Wednesday, March 19th, Timmi Zalatoris sold 736 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.45, for a total transaction of $101,163.20.
• 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 value 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 value of $143,743.05.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM traded down $7.99 during mid-day trading on Friday, hitting $145.29. The stock had a trading volume of 3,152,269 shares, compared to its average volume of 1,394,787. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99. 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 stock has a market cap of $14.24 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 2.31 and a beta of 0.67. The company's 50 day simple moving average is $152.55 and its 200 day simple moving average is $139.42.

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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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.96 billion. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Institutional Trading of Sprouts Farmers Market

A number of hedge funds have recently modified their holdings of SFM. HighTower Advisors LLC raised its holdings in Sprouts Farmers Market by 55.0% in the 4th quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock valued at $2,633,000 after acquiring an additional 7,355 shares during the period. Unified Investment Management bought a new position in shares of Sprouts Farmers Market during the fourth quarter worth approximately $1,161,000. JPMorgan Chase & Co. lifted its holdings in Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock worth $149,020,000 after purchasing an additional 156,175 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $13,348,000. Finally, First Hawaiian Bank bought a new stake in Sprouts Farmers Market in the 4th quarter valued at $1,517,000.

Wall Street Analyst Weigh In

SFM has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Evercore ISI cut their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. BMO Capital Markets upped their target price on shares of 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. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and lifted their price target for the company from $163.00 to $190.00 in a research note on Monday, March 17th. Finally, Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $167.00.

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.