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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 4,060 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was 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 in the company, valued at $1,570,985.44. This trade represents a 26.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Sprouts Farmers Market Stock Up 2.2 %

SFM traded up $3.01 on Wednesday, reaching $140.82. 1,121,000 shares of the company traded hands, compared to its average volume of 1,313,650. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company has a market cap of $13.88 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52-week low of $60.46 and a 52-week high of $178.99. The stock’s 50 day moving average price is $150.80 and its 200-day moving average price is $135.21.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SFM has been the topic of a number of research reports. Jefferies Financial Group boosted their target price 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. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Bank of America boosted their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. 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. Finally, Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Friday, February 28th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $162.92.

Institutional Trading of Sprouts Farmers Market

Large investors have recently added to or reduced their stakes in the business. Wesbanco Bank Inc. raised its holdings in Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock worth $3,642,000 after acquiring an additional 77 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Sprouts Farmers Market by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after acquiring an additional 77 shares during the period. Greenleaf Trust increased its holdings in shares of Sprouts Farmers Market by 1.2% during the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after purchasing an additional 80 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock worth $845,000 after purchasing an additional 90 shares during the period. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Sprouts Farmers Market by 0.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock worth $3,896,000 after purchasing an additional 95 shares during the period.

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.