Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Sells $40,295.27 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Alisa Gmelich sold 289 shares of the stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 6,229 shares of the company’s stock, valued at $868,509.47. This trade represents a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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 opened at $142.39 on Monday. The stock has a 50 day simple moving average of $150.88 and a 200 day simple moving average of $136.02. Sprouts Farmers Market, Inc. has a 1-year low of $61.61 and a 1-year high of $178.99. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The stock has a market cap of $13.96 billion, a P/E ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wesbanco Bank Inc. increased its stake in shares of Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Sprouts Farmers Market by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock valued at $251,000 after purchasing an additional 77 shares during the last quarter. Greenleaf Trust increased its stake in shares of Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after purchasing an additional 80 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Sprouts Farmers Market by 1.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after purchasing an additional 90 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in shares of Sprouts Farmers Market by 0.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock valued at $3,896,000 after purchasing an additional 95 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on SFM shares. The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. UBS Group raised their price objective 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 raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and raised their price objective for the company from $163.00 to $190.00 in a research report on Monday, March 17th. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company raised their price objective 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. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $162.92.

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.