Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Sells 4,060 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 4,060 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $557,925.20. Following the transaction, the senior vice president now owns 11,432 shares in the company, valued at approximately $1,570,985.44. This trade represents a 26.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

Sprouts Farmers Market Trading Down 0.7 %

NASDAQ SFM opened at $139.77 on Friday. The company has a market cap of $13.78 billion, a price-to-earnings ratio of 37.17, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99. The business’s fifty day moving average is $150.79 and its 200 day moving average is $135.24. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last announced 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 firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, 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 several recent analyst reports. Wells Fargo & Company lifted their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. UBS Group lifted their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Jefferies Financial Group lifted their price target 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. Bank of America lifted their price target on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Friday, February 28th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $162.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SFM. Norges Bank acquired a new position in Sprouts Farmers Market during the 4th quarter worth about $143,113,000. Congress Asset Management Co. lifted its holdings in 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 worth $165,034,000 after buying an additional 632,523 shares during the period. Wealthfront Advisers LLC acquired a new position in Sprouts Farmers Market during the 4th quarter worth about $64,117,000. Leigh Baldwin & CO. LLC acquired a new position in Sprouts Farmers Market during the 4th quarter worth about $53,946,000. Finally, Invesco Ltd. lifted its stake in shares of Sprouts Farmers Market by 22.9% in the 4th quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock valued at $201,139,000 after purchasing an additional 294,553 shares during the period.

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.