Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin Sells 3,643 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 3,643 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $174.27, for a total transaction of $634,865.61. Following the transaction, the senior vice president now owns 11,886 shares in the company, valued at approximately $2,071,373.22. This represents a 23.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $140.65, for a total value of $106,331.40.
• 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 Trading Down 1.9 %

Shares of SFM stock opened at $169.45 on Wednesday. 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, Inc. has a 1 year low of $73.66 and a 1 year high of $178.99. The firm’s fifty day simple moving average is $152.42 and its 200 day simple moving average is $147.30. The firm has a market capitalization of $16.64 billion, a P/E ratio of 45.07, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, May 1st. BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, February 21st. Royal Bank of Canada lifted their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the company a “sector perform” rating in a research note on Thursday, May 1st. Jefferies Financial Group increased their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Finally, Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Friday, February 28th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $167.79.

Institutional Trading of Sprouts Farmers Market

A number of hedge funds have recently modified their holdings of SFM. Assenagon Asset Management S.A. lifted its position in Sprouts Farmers Market by 1,033.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company’s stock worth $225,350,000 after purchasing an additional 1,346,097 shares during the period. Norges Bank bought a new position in shares of Sprouts Farmers Market during the 4th quarter worth about $143,113,000. Congress Asset Management Co. boosted its position in shares of Sprouts Farmers Market by 94.9% during the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock valued at $165,034,000 after acquiring an additional 632,523 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Sprouts Farmers Market in the fourth quarter valued at about $64,117,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in Sprouts Farmers Market in the fourth quarter worth about $53,946,000.

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.