Kim Coffin Sells 4,060 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 4,060 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 value of $557,925.20. Following the transaction, the senior vice president now owns 11,432 shares in the company, valued at approximately $1,570,985.44. This trade represents a 26.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

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

Sprouts Farmers Market Trading Up 1.9 %

NASDAQ SFM opened at $142.39 on Friday. The business’s 50-day moving average price is $150.88 and its two-hundred day moving average price is $135.50. Sprouts Farmers Market, Inc. has a 12 month low of $61.61 and a 12 month high of $178.99. 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 company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last announced 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 for the quarter, compared to analyst estimates of $1.96 billion. On average, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on SFM. JPMorgan Chase & Co. raised their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Friday, February 28th. BMO Capital Markets raised their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, February 21st. Wells Fargo & Company raised their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $162.92.

Institutional Inflows and Outflows

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

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.