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 company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $557,925.20. Following the completion of the sale, the senior vice president now owns 11,432 shares of the company’s stock, valued at $1,570,985.44. This represents a 26.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $140.65, for a total value of $106,331.40.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $139.77 on Friday. The stock has a market cap of $13.78 billion, a P/E ratio of 37.17, a PEG ratio of 2.31 and a beta of 0.67. The stock has a 50 day simple moving average of $150.79 and a 200 day simple moving average of $135.24. 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 $61.61 and a 1-year high of $178.99.

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

Institutional Trading of Sprouts Farmers Market

Several hedge funds have recently added to or reduced their stakes in the company. 111 Capital acquired a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $1,006,000. Wealth Enhancement Advisory Services LLC increased its stake in Sprouts Farmers Market by 24.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,954 shares of the company’s stock worth $757,000 after acquiring an additional 1,178 shares during the period. Centaurus Financial Inc. increased its stake in Sprouts Farmers Market by 8.4% during the 4th quarter. Centaurus Financial Inc. now owns 1,466 shares of the company’s stock worth $186,000 after acquiring an additional 113 shares during the period. Total Wealth Planning & Management Inc. bought a new position in Sprouts Farmers Market during the 4th quarter worth $613,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Sprouts Farmers Market during the 4th quarter worth $14,198,000.

Analysts Set New Price Targets

SFM has been the subject of several recent analyst reports. Evercore ISI lowered their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. UBS Group increased their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. 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 report on Friday, February 28th. Roth Mkm increased their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and increased their price target for the stock from $163.00 to $190.00 in a report on Monday. Nine research analysts have rated the stock with a hold rating and six have assigned 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 $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.