Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Timmi Zalatoris Sells 2,000 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Timmi Zalatoris sold 2,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $151.34, for a total transaction of $302,680.00. Following the transaction, the insider now owns 13,263 shares in the company, valued at approximately $2,007,222.42. The trade was a 13.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Timmi Zalatoris also recently made the following trade(s):

• On Wednesday, March 19th, Timmi Zalatoris sold 736 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.45, for a total transaction of $101,163.20.
• On Monday, March 17th, Timmi Zalatoris sold 775 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $137.42, for a total transaction of $106,500.50.
• On Friday, March 14th, Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $134.97, for a total value of $143,743.05.

Sprouts Farmers Market Stock Up 1.7 %

SFM stock opened at $155.25 on Wednesday. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99. The business has a 50-day simple moving average of $152.20 and a 200 day simple moving average of $138.45. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market cap of $15.22 billion, a PE ratio of 41.29, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

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

Wall Street Analyst Weigh In

SFM has been the subject of several research analyst reports. Jefferies Financial Group lifted 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. Roth Mkm upped their price objective on shares of 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 raised their target price 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. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Finally, UBS Group increased their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $167.00.

Institutional Investors Weigh In On Sprouts Farmers Market

Large investors have recently modified their holdings of the business. HighTower Advisors LLC lifted its position in shares of Sprouts Farmers Market by 55.0% during the 4th quarter. HighTower Advisors LLC now owns 20,722 shares of the company’s stock worth $2,633,000 after buying an additional 7,355 shares during the last quarter. Unified Investment Management bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth about $1,161,000. JPMorgan Chase & Co. lifted its holdings in shares of Sprouts Farmers Market by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after acquiring an additional 156,175 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $13,348,000. Finally, First Hawaiian Bank bought a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $1,517,000.

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.