Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP Stacy W. Hilgendorf Sells 890 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP Stacy W. Hilgendorf sold 890 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $122,303.80. Following the completion of the transaction, the vice president now directly owns 9,347 shares of the company’s stock, valued at $1,284,464.74. This represents a 8.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sprouts Farmers Market Stock Up 2.2 %

SFM traded up $3.01 during trading on Wednesday, hitting $140.82. 1,121,000 shares of the company’s stock traded hands, compared to its average volume of 1,313,650. The company’s 50 day simple moving average is $150.80 and its two-hundred day simple moving average is $135.21. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12-month low of $60.46 and a 12-month high of $178.99. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its 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 for the quarter, compared to the consensus estimate of $1.96 billion. Analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and increased their target price for the stock from $163.00 to $190.00 in a research report on Monday. Wells Fargo & Company increased their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Finally, UBS Group upped their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $162.92.

Institutional Trading of Sprouts Farmers Market

Institutional investors have recently added to or reduced their stakes in the business. 111 Capital purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth $1,006,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Sprouts Farmers Market by 24.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,954 shares of the company’s stock worth $757,000 after buying an additional 1,178 shares during the last quarter. Centaurus Financial Inc. boosted its stake in shares of Sprouts Farmers Market by 8.4% in the 4th quarter. Centaurus Financial Inc. now owns 1,466 shares of the company’s stock worth $186,000 after buying an additional 113 shares during the last quarter. Total Wealth Planning & Management Inc. purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth $613,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth $14,198,000.

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.