Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Douglas Gregory Rauch Sells 1,000 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Douglas Gregory Rauch sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $140.25, for a total transaction of $140,250.00. Following the completion of the transaction, the director now directly owns 10,598 shares in the company, valued at $1,486,369.50. The trade was a 8.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sprouts Farmers Market Trading Down 0.7 %

SFM stock opened at $139.77 on Friday. The company has a market capitalization of $13.78 billion, a PE ratio of 37.17, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 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 company’s 50-day simple moving average is $150.79 and its 200 day simple moving average is $135.24.

Sprouts Farmers Market (NASDAQ:SFM) last issued 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. The business had revenue of $2 billion during 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%. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SFM. Evercore ISI reduced their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Jefferies Financial Group upped their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Roth Mkm lifted 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. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, UBS Group boosted their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. 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 MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and an average target price of $162.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFM. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter worth approximately $31,000. Avior Wealth Management LLC increased its stake in shares of Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after acquiring an additional 142 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after acquiring an additional 162 shares during the period.

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.