Sprouts Farmers Market, Inc. (NASDAQ:SFM) CTO James H. Bahrenburg Sells 307 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CTO James H. Bahrenburg sold 307 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $139.42, for a total transaction of $42,801.94. Following the completion of the transaction, the chief technology officer now directly owns 13,459 shares in the company, valued at approximately $1,876,453.78. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sprouts Farmers Market Trading Up 1.9 %

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 traded hands, compared to its average volume of 1,315,985. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12 month low of $61.61 and a 12 month high of $178.99. The stock has a market cap of $14.04 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The stock’s 50 day simple moving average is $150.88 and its 200 day simple moving average is $135.50.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SFM shares. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and lifted their price objective for the company from $163.00 to $190.00 in a research note on Monday. Roth Mkm lifted their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Evercore ISI reduced their price objective on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group boosted their target price 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. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus target price of $162.92.

Institutional Inflows and Outflows

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

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.