Stacy W. Hilgendorf Sells 890 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) VP Stacy W. Hilgendorf sold 890 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $122,303.80. Following the transaction, the vice president now directly owns 9,347 shares of the company's stock, valued at $1,284,464.74. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sprouts Farmers Market Trading Up 1.9 %

Shares of NASDAQ:SFM traded up $2.62 during trading on Friday, reaching $142.39. 2,133,233 shares of the company were exchanged, compared to its average volume of 1,316,197. The firm has a market capitalization of $13.96 billion, a PE ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67. The business's fifty day simple moving average is $150.88 and its 200-day simple moving average is $136.02. Sprouts Farmers Market, Inc. has a 12-month low of $61.61 and a 12-month high of $178.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion for 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, research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $143,113,000. Congress Asset Management Co. boosted its stake in shares of Sprouts Farmers Market by 94.9% during the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company's stock valued at $165,034,000 after purchasing an additional 632,523 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $64,117,000. Leigh Baldwin & CO. LLC bought a new position in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $53,946,000. Finally, Invesco Ltd. boosted its stake in shares of Sprouts Farmers Market by 22.9% during the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company's stock valued at $201,139,000 after purchasing an additional 294,553 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and upped their target price for the company from $163.00 to $190.00 in a research report on Monday, March 17th. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a research report on Friday, February 21st. UBS Group upped their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Northcoast Research upgraded 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 report on Friday, February 28th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.