Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Alisa Gmelich Sells 289 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Alisa Gmelich sold 289 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $139.43, for a total transaction of $40,295.27. Following the sale, the chief marketing officer now directly owns 6,229 shares of the company’s stock, valued at approximately $868,509.47. This represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Alisa Gmelich also recently made the following trade(s):

• On Monday, March 17th, Alisa Gmelich sold 445 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90.

Sprouts Farmers Market Stock Up 1.9 %

NASDAQ SFM opened at $142.39 on Friday. Sprouts Farmers Market, Inc. has a 1-year low of $61.61 and a 1-year high of $178.99. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67. The stock’s 50 day moving average is $150.88 and its two-hundred day moving average is $135.50. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating 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 business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sprouts Farmers Market

Hedge funds have recently made changes to their positions in the company. OneDigital Investment Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter worth approximately $207,000. CIBC Asset Management Inc increased its holdings in Sprouts Farmers Market by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock valued at $322,000 after purchasing an additional 101 shares in the last quarter. Natixis Advisors LLC raised its position in Sprouts Farmers Market by 17.0% in the 3rd quarter. Natixis Advisors LLC now owns 25,183 shares of the company’s stock valued at $2,780,000 after purchasing an additional 3,651 shares during the last quarter. Caprock Group LLC raised its position in Sprouts Farmers Market by 1.9% in the 3rd quarter. Caprock Group LLC now owns 5,477 shares of the company’s stock valued at $605,000 after purchasing an additional 102 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Sprouts Farmers Market during the third quarter worth $1,662,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SFM shares. Jefferies Financial Group raised their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Roth Mkm lifted their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and upped their price target for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Bank of America boosted their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company increased their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company 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.