Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Sells $5,680,000.00 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the completion of the sale, the insider now owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $97.67 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $82.13 and its 200 day simple moving average is $69.44. Sprouts Farmers Market, Inc. has a 12 month low of $37.10 and a 12 month high of $103.80. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 2.86 and a beta of 0.55.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 3.38 EPS for the current year.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors and hedge funds have recently modified their holdings of SFM. Dorsey Wright & Associates bought a new position in Sprouts Farmers Market in the 4th quarter valued at $1,378,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Sprouts Farmers Market by 8.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock valued at $39,748,000 after buying an additional 48,225 shares in the last quarter. Point72 Asset Management L.P. grew its position in Sprouts Farmers Market by 411.4% in the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after acquiring an additional 1,237,610 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in Sprouts Farmers Market by 10.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 158,767 shares of the company’s stock valued at $7,638,000 after acquiring an additional 14,401 shares during the last quarter. Finally, Inspire Investing LLC raised its position in Sprouts Farmers Market by 78.8% during the first quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock valued at $1,684,000 after purchasing an additional 11,508 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SFM shares. Evercore ISI raised their price target on shares of Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” rating in a report on Tuesday, July 30th. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Roth Mkm boosted their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $62.00 to $90.00 in a report on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and an average target price of $93.38.

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.