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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 756 shares of the business’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 sale, the senior vice president now directly owns 12,625 shares in the company, valued at $1,775,706.25. This trade represents a 5.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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

SFM traded down $1.05 during midday trading on Thursday, reaching $139.77. The company had a trading volume of 1,028,809 shares, compared to its average volume of 1,312,466. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $150.80 and a two-hundred day moving average of $135.21. The company has a market cap of $13.78 billion, a P/E ratio of 37.17, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 1 year low of $60.46 and a 1 year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations 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, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Friday, February 28th. Roth Mkm boosted their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Jefferies Financial Group boosted their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets boosted their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $162.92.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds have recently made changes to their positions in the business. 111 Capital bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth about $1,006,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Sprouts Farmers Market by 24.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,954 shares of the company’s stock worth $757,000 after acquiring an additional 1,178 shares during the period. Centaurus Financial Inc. boosted its stake in shares of Sprouts Farmers Market by 8.4% in the fourth quarter. Centaurus Financial Inc. now owns 1,466 shares of the company’s stock worth $186,000 after acquiring an additional 113 shares during the period. Total Wealth Planning & Management Inc. bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth about $613,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth about $14,198,000.

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.