Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP Sells $31,929.47 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) VP Stacy W. Hilgendorf sold 229 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $139.43, for a total transaction of $31,929.47. Following the transaction, the vice president now owns 10,226 shares in the company, valued at $1,425,811.18. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM traded up $4.28 during midday trading on Tuesday, reaching $149.70. The company's stock had a trading volume of 1,712,769 shares, compared to its average volume of 1,313,002. The company has a market cap of $14.68 billion, a P/E ratio of 39.81, a P/E/G ratio of 2.31 and a beta of 0.67. 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 debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The business's 50 day moving average price is $151.25 and its two-hundred day moving average price is $136.70.

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. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.96 billion. On average, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

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Wall Street Analysts Forecast Growth

SFM has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a report on Tuesday, February 25th. Roth Mkm lifted their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $163.00 to $190.00 in a research report on Monday, March 17th. BMO Capital Markets upped their price objective on shares of 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, Evercore ISI cut their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $167.00.

Institutional Trading of Sprouts Farmers Market

Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Sprouts Farmers Market by 56.7% in the 4th quarter. Wellington Management Group LLP now owns 259,108 shares of the company's stock valued at $32,925,000 after purchasing an additional 93,734 shares during the last quarter. 111 Capital acquired a new stake in Sprouts Farmers Market in the fourth quarter valued at about $1,006,000. Wealth Enhancement Advisory Services LLC grew its position in Sprouts Farmers Market by 24.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,954 shares of the company's stock valued at $757,000 after acquiring an additional 1,178 shares during the last quarter. Centaurus Financial Inc. grew its position in Sprouts Farmers Market by 8.4% in the fourth quarter. Centaurus Financial Inc. now owns 1,466 shares of the company's stock valued at $186,000 after acquiring an additional 113 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new position in Sprouts Farmers Market during the fourth quarter worth about $613,000.

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.