Timmi Zalatoris Sells 1,065 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider Timmi Zalatoris sold 1,065 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $134.97, for a total transaction of $143,743.05. Following the completion of the sale, the insider now directly owns 9,830 shares of the company’s stock, valued at approximately $1,326,755.10. This represents a 9.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, March 17th, Timmi Zalatoris sold 775 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.42, for a total value of $106,500.50.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $140.82 on Thursday. The firm has a market cap of $13.88 billion, a PE ratio of 37.45, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52 week low of $60.46 and a 52 week high of $178.99. The business’s fifty day simple moving average is $150.80 and its 200-day simple moving average is $135.21.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Unified Investment Management acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth approximately $1,161,000. JPMorgan Chase & Co. increased its holdings in shares of Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after buying an additional 156,175 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at about $13,348,000. First Hawaiian Bank purchased a new stake in Sprouts Farmers Market during the fourth quarter worth approximately $1,517,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Sprouts Farmers Market by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after purchasing an additional 48,103 shares during the period.

Analyst Upgrades and Downgrades

SFM has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Roth Mkm increased 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. Finally, JPMorgan Chase & Co. lifted their price objective 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. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $162.92.

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.