Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin Sells 1,322 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 1,322 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.05, for a total value of $99,216.10. Following the transaction, the senior vice president now directly owns 5,500 shares of the company’s stock, valued at $412,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, March 15th, Kim Coffin sold 351 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $62.47, for a total transaction of $21,926.97.
• On Monday, March 18th, Kim Coffin sold 9,319 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $63.29, for a total value of $589,799.51.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $74.77 on Thursday. The business’s fifty day moving average is $64.76 and its 200 day moving average is $53.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. Sprouts Farmers Market, Inc. has a 52-week low of $32.12 and a 52-week high of $75.95. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.64 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.00 by $0.12. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Research analysts predict that Sprouts Farmers Market, Inc. will post 3.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in Sprouts Farmers Market by 9.8% in the first quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after buying an additional 297,067 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after acquiring an additional 1,237,610 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Sprouts Farmers Market by 36.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock valued at $71,135,000 after acquiring an additional 398,901 shares in the last quarter. Boston Trust Walden Corp boosted its stake in Sprouts Farmers Market by 1.2% during the 4th quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock valued at $71,075,000 after purchasing an additional 17,565 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Sprouts Farmers Market by 6.6% in the 3rd quarter. Invesco Ltd. now owns 1,436,821 shares of the company’s stock worth $61,496,000 after purchasing an additional 88,997 shares in the last quarter.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of research reports. BMO Capital Markets upped their price objective on Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a report on Thursday, May 2nd. Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Evercore ISI cut their target price on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Oppenheimer reaffirmed a “market perform” rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. Finally, Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $53.50.

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.