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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Alisa Gmelich sold 289 shares of Sprouts Farmers Market stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $139.43, for a total value of $40,295.27. Following the completion of the transaction, the chief marketing officer now owns 6,229 shares of the company’s stock, valued at approximately $868,509.47. This trade 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 hyperlink.

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

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

Sprouts Farmers Market Stock Performance

NASDAQ:SFM traded up $2.62 during mid-day trading on Friday, reaching $142.39. The stock had a trading volume of 2,133,233 shares, compared to its average volume of 1,315,985. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99. The business has a 50 day simple moving average of $150.88 and a 200 day simple moving average of $135.50. The firm 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 company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last posted 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 during the quarter, compared to analysts’ expectations of $1.96 billion. On average, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, February 21st. Bank of America boosted their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. boosted their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Finally, Roth Mkm raised 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. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $162.92.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market during the fourth quarter worth about $31,000. Avior Wealth Management LLC boosted its position 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 worth $34,000 after buying an additional 130 shares in the last quarter. GeoWealth Management LLC grew its stake in Sprouts Farmers Market by 115.4% in 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 last quarter. Global Retirement Partners LLC increased its holdings in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares in the last quarter.

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.