Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin Sells 756 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 756 shares of Sprouts Farmers Market stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $140.65, for a total transaction of $106,331.40. Following the transaction, the senior vice president now directly owns 12,625 shares of the company’s stock, valued at approximately $1,775,706.25. This trade represents a 5.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 Stock Performance

Shares of SFM stock opened at $139.77 on Friday. The firm has a market capitalization of $13.78 billion, a PE ratio of 37.17, 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, Inc. has a 12 month low of $61.61 and a 12 month high of $178.99. The firm has a fifty day simple moving average of $150.79 and a two-hundred day simple moving average of $135.24.

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

Analysts Set New Price Targets

Several research firms recently weighed in on SFM. Jefferies Financial Group raised their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Northcoast Research upgraded shares of 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 raised their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and increased their target price for the company from $163.00 to $190.00 in a research report on Monday. Finally, UBS Group lifted their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $162.92.

Institutional Investors Weigh In On Sprouts Farmers Market

Hedge funds and other institutional investors have recently modified their holdings of the stock. Unified Investment Management purchased a new stake in Sprouts Farmers Market in the fourth quarter worth approximately $1,161,000. JPMorgan Chase & Co. increased its stake in shares of Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after buying an additional 156,175 shares during the period. World Investment Advisors LLC bought a new stake in Sprouts Farmers Market in the third quarter valued at $13,348,000. First Hawaiian Bank bought a new position in Sprouts Farmers Market in the 4th quarter worth $1,517,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Sprouts Farmers Market by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after purchasing an additional 48,103 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.