Kim Coffin Sells 756 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 756 shares of Sprouts Farmers Market stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $140.65, for a total value of $106,331.40. Following the completion of the transaction, the senior vice president now owns 12,625 shares in the company, valued at $1,775,706.25. The trade was a 5.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Kim Coffin also recently made the following trade(s):

• On Monday, March 17th, Kim Coffin sold 4,060 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.42, for a total value of $557,925.20.

Sprouts Farmers Market Stock Up 1.9 %

SFM opened at $142.39 on Friday. The firm has a market cap of $14.04 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. 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 business has a 50 day moving average price of $150.88 and a 200 day moving average price of $135.50. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently made changes to their positions in SFM. Norges Bank acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter worth $143,113,000. Congress Asset Management Co. boosted its holdings in Sprouts Farmers Market by 94.9% in the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock valued at $165,034,000 after purchasing an additional 632,523 shares during the period. Wealthfront Advisers LLC acquired a new stake in Sprouts Farmers Market in the 4th quarter worth $64,117,000. Leigh Baldwin & CO. LLC bought a new position in shares of Sprouts Farmers Market during the 4th quarter worth about $53,946,000. Finally, Invesco Ltd. raised its position in shares of Sprouts Farmers Market by 22.9% during the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock valued at $201,139,000 after buying an additional 294,553 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SFM shares. JPMorgan Chase & Co. increased their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. UBS Group boosted their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and upped their price target for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. Finally, Jefferies Financial Group lifted their price objective 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.