Sprouts Farmers Market, Inc. (NASDAQ:SFM) Insider Timmi Zalatoris Sells 2,000 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) insider Timmi Zalatoris sold 2,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $164.38, for a total value of $328,760.00. Following the completion of the sale, the insider owned 13,263 shares of the company's stock, valued at $2,180,171.94. The trade was a 13.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sprouts Farmers Market Stock Up 1.7%

Shares of SFM traded up $2.70 during trading hours on Friday, hitting $162.60. 1,053,884 shares of the company were exchanged, compared to its average volume of 1,562,789. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. The company has a market cap of $15.91 billion, a PE ratio of 36.54, a PEG ratio of 2.03 and a beta of 0.77. The firm's 50 day moving average is $165.46 and its 200-day moving average is $154.48. Sprouts Farmers Market, Inc. has a 52 week low of $79.34 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. The company's revenue was up 18.7% on a year-over-year basis. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new stake in Sprouts Farmers Market in the 2nd quarter valued at approximately $101,000. Private Client Services LLC bought a new stake in shares of Sprouts Farmers Market in the second quarter valued at approximately $1,671,000. Voya Investment Management LLC boosted its position in shares of Sprouts Farmers Market by 49.4% in the first quarter. Voya Investment Management LLC now owns 54,798 shares of the company's stock valued at $8,364,000 after acquiring an additional 18,123 shares during the period. Inspire Investing LLC grew its stake in shares of Sprouts Farmers Market by 49.5% in the first quarter. Inspire Investing LLC now owns 16,809 shares of the company's stock worth $2,566,000 after acquiring an additional 5,565 shares during the last quarter. Finally, Strs Ohio bought a new position in Sprouts Farmers Market during the first quarter worth $3,297,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft upgraded shares of 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, March 17th. Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Roth Capital set a $155.00 price objective on Sprouts Farmers Market and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Royal Bank Of Canada lifted their price objective on Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $167.79.

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.