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

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

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

• On Friday, March 15th, Kim Coffin sold 351 shares of Sprouts Farmers Market stock. The shares were 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 transaction of $589,799.51.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM traded down $0.11 during trading on Wednesday, hitting $74.66. The company had a trading volume of 1,116,984 shares, compared to its average volume of 1,369,375. The company has a market cap of $7.50 billion, a P/E ratio of 25.74, a PEG ratio of 2.64 and a beta of 0.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. The business’s 50-day moving average is $64.51 and its 200 day moving average is $53.47. Sprouts Farmers Market, Inc. has a 52 week low of $32.12 and a 52 week high of $75.95.

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

Institutional Investors Weigh In On Sprouts Farmers Market

Hedge funds have recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in Sprouts Farmers Market in the 1st quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market in the first quarter worth $36,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Sprouts Farmers Market during the third quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Sprouts Farmers Market during the fourth quarter valued at $38,000. Finally, GAMMA Investing LLC purchased a new position in Sprouts Farmers Market in the fourth quarter valued at about $43,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SFM shares. Oppenheimer reiterated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday, April 29th. Bank of America upgraded Sprouts Farmers Market from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. Wells Fargo & Company raised their price target on Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets raised their target price on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.