Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Sells $557,925.20 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 4,060 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $557,925.20. Following the sale, the senior vice president now owns 11,432 shares of the company’s stock, valued at approximately $1,570,985.44. The trade was a 26.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, March 20th, Kim Coffin sold 756 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $140.65, for a total transaction of $106,331.40.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $142.39 on Friday. The business has a fifty day simple moving average of $150.88 and a 200 day simple moving average of $135.50. 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 price-to-earnings ratio of 37.87, a PEG 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.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their price target for the company from $163.00 to $190.00 in a report on Monday, March 17th. The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Jefferies Financial Group upped their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. upped their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Finally, UBS Group upped their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $162.92.

Institutional Trading of Sprouts Farmers Market

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

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.