Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Sells $140,250.00 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) Director Douglas Gregory Rauch sold 1,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $140.25, for a total value of $140,250.00. Following the completion of the sale, the director now owns 10,598 shares in the company, valued at $1,486,369.50. This trade represents a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $142.39 on Friday. 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, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99. The firm has a market cap of $13.96 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67. The business’s fifty day moving average is $150.88 and its two-hundred day moving average is $135.75.

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, 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 analyst estimates of $1.96 billion. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sprouts Farmers Market

Large investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the fourth quarter valued at $31,000. GeoWealth Management LLC lifted its stake in shares of Sprouts Farmers Market by 115.4% during the fourth 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 period. Avior Wealth Management LLC lifted its stake in shares of Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the period. Global Retirement Partners LLC lifted its stake in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after buying an additional 132 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in 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 buying an additional 162 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SFM. UBS Group upped their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and upped their price target for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Roth Mkm upped their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Wells Fargo & Company upped their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Finally, Jefferies Financial Group upped their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.