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

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

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $142.39 on Friday. 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 firm has a market capitalization of $14.04 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The firm’s 50 day simple moving average is $150.88 and its 200 day simple moving average is $135.50.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data 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 return on equity of 29.86% and a net margin of 4.93%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at approximately $31,000. GeoWealth Management LLC raised its position in shares of Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after buying an additional 142 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC grew its position in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. increased 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 acquiring an additional 162 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. 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. Evercore ISI cut their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Friday, February 28th. Finally, Jefferies Financial Group increased their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.