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 the business’s 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 sale, the insider now owns 10,895 shares in the company, valued at approximately $1,089,500. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Sprouts Farmers Market Stock Down 3.1 %

Shares of NASDAQ SFM traded down $3.09 during trading on Friday, reaching $97.67. 1,477,020 shares of the stock were exchanged, compared to its average volume of 1,373,229. The company has a quick ratio of 0.65, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $81.83 and its 200 day moving average price is $68.85. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 2.84 and a beta of 0.55. Sprouts Farmers Market, Inc. has a twelve month low of $37.10 and a twelve month high of $103.80.

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

Hedge Funds Weigh In On Sprouts Farmers Market

A number of large investors have recently made changes to their positions in SFM. Crewe Advisors LLC lifted its holdings in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after acquiring an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $29,000. Rise Advisors LLC bought a new stake in Sprouts Farmers Market in the 1st quarter valued at approximately $26,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Sprouts Farmers Market during the 1st quarter worth approximately $36,000. Finally, Hanseatic Management Services Inc. bought a new stake in Sprouts Farmers Market in the 2nd quarter valued at $63,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SFM shares. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group lifted their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Bank of America boosted their price target on Sprouts Farmers Market from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday. Oppenheimer reiterated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $87.11.

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.