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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 756 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $140.65, for a total value of $106,331.40. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $137.42, for a total transaction of $557,925.20.

Sprouts Farmers Market Price Performance

SFM opened at $142.39 on Friday. 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 stock has a market capitalization of $14.04 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company’s 50 day simple moving average is $150.88 and its 200-day simple moving average is $135.50. Sprouts Farmers Market, Inc. has a one year low of $61.61 and a one year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $2 billion for 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%. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SFM has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. BMO Capital Markets upped their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Roth Mkm raised their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and upped their price target for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Finally, Evercore ISI cut their price objective 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. 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 presently has an average rating of “Hold” and an average target price of $162.92.

Institutional Trading of Sprouts Farmers Market

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFM. Unified Investment Management bought a new position in shares of Sprouts Farmers Market in the 4th quarter worth $1,161,000. JPMorgan Chase & Co. lifted its stake in Sprouts Farmers Market by 13.1% in 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 position in Sprouts Farmers Market during the third quarter worth about $13,348,000. First Hawaiian Bank acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth about $1,517,000. Finally, Charles Schwab Investment Management Inc. increased its stake 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 valued at $108,561,000 after acquiring an additional 48,103 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.