Timmi Zalatoris Sells 1,065 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) insider Timmi Zalatoris sold 1,065 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $134.97, for a total value of $143,743.05. Following the completion of the sale, the insider now owns 9,830 shares in the company, valued at $1,326,755.10. This represents a 9.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $137.45, for a total value 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 transaction of $106,500.50.

Sprouts Farmers Market Stock Up 1.9 %

SFM stock traded up $2.62 during midday trading on Friday, reaching $142.39. 2,133,233 shares of the company were exchanged, compared to its average volume of 1,315,252. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a 1-year low of $61.61 and a 1-year high of $178.99. The stock's 50-day simple moving average is $150.88 and its 200 day simple moving average is $135.50.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.96 billion. On average, equities 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 large investors have recently made changes to their positions in the company. Wesbanco Bank Inc. lifted its stake in Sprouts Farmers Market by 0.3% in the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock valued at $3,642,000 after buying an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Sprouts Farmers Market by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after purchasing an additional 77 shares during the period. Greenleaf Trust boosted its stake in Sprouts Farmers Market by 1.2% during the 4th 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 grew its position in Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock worth $845,000 after purchasing an additional 90 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company's stock valued at $3,896,000 after buying an additional 95 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Friday, February 28th. Wells Fargo & Company upped their price objective on 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. Roth Mkm lifted their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a report on Friday, February 21st. BMO Capital Markets boosted their target price 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. Finally, Evercore ISI reduced their price target on 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. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of "Hold" and a consensus price target of $162.92.

About Sprouts Farmers Market

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.