Stacy W. Hilgendorf Sells 229 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP Stacy W. Hilgendorf sold 229 shares of Sprouts Farmers Market stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $139.43, for a total value of $31,929.47. Following the completion of the transaction, the vice president now owns 10,226 shares in the company, valued at $1,425,811.18. The trade was a 2.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sprouts Farmers Market Stock Up 1.9 %

NASDAQ:SFM 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. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a one year low of $61.61 and a one year high of $178.99. The stock has a 50-day simple moving average of $150.88 and a 200 day simple moving average of $135.75.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, February 20th. The company reported $0.79 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 company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently modified their holdings of SFM. Wesbanco Bank Inc. raised its position in shares of Sprouts Farmers Market by 0.3% during the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock worth $3,642,000 after buying an additional 77 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Sprouts Farmers Market by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after purchasing an additional 77 shares in the last quarter. Greenleaf Trust raised its holdings in Sprouts Farmers Market by 1.2% during the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after purchasing an additional 80 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock worth $845,000 after purchasing an additional 90 shares during the period. Finally, Summit Investment Advisors Inc. boosted its stake in Sprouts Farmers Market by 0.3% during 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 in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company increased their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Roth Mkm boosted their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, BMO Capital Markets increased their price objective on shares of 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. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.