Timmi Zalatoris Sells 775 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) insider Timmi Zalatoris sold 775 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $106,500.50. Following the sale, the insider now owns 15,943 shares in the company, valued at approximately $2,190,887.06. The trade was a 4.64 % decrease in their position. The transaction was disclosed in a legal filing 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 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 Price Performance

Shares of SFM stock traded up $2.62 during trading hours on Friday, hitting $142.39. 2,133,233 shares of the company's stock were exchanged, compared to its average volume of 1,315,252. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market cap of $14.04 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67. The firm has a 50 day moving average of $150.88 and a two-hundred day moving average of $135.50. Sprouts Farmers Market, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $178.99.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued 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 return on equity of 29.86% and a net margin of 4.93%. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.96 billion. Sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analyst Ratings Changes

SFM has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their price objective for the company from $163.00 to $190.00 in a report on Monday, March 17th. Roth Mkm boosted their price objective 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 price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a report on Friday, February 21st. Finally, Jefferies Financial Group boosted their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $162.92.

Institutional Trading of Sprouts Farmers Market

Several large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Sprouts Farmers Market in the 4th quarter valued at $143,113,000. Congress Asset Management Co. grew its holdings in Sprouts Farmers Market by 94.9% in the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company's stock valued at $165,034,000 after buying an additional 632,523 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in Sprouts Farmers Market in the 4th quarter valued at $64,117,000. Leigh Baldwin & CO. LLC purchased a new stake in Sprouts Farmers Market in the 4th quarter valued at $53,946,000. Finally, Invesco Ltd. grew its holdings in Sprouts Farmers Market by 22.9% in the 4th quarter. Invesco Ltd. now owns 1,582,896 shares of the company's stock valued at $201,139,000 after buying an additional 294,553 shares in the last quarter.

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.