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

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) SVP Kim Coffin sold 756 shares of Sprouts Farmers Market stock in a transaction dated 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 owns 12,625 shares in the company, valued at approximately $1,775,706.25. This represents a 5.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $137.42, for a total value of $557,925.20.

Sprouts Farmers Market Stock Up 2.1 %

Sprouts Farmers Market stock traded up $3.03 during trading hours on Monday, hitting $145.42. The stock had a trading volume of 1,745,596 shares, compared to its average volume of 1,317,913. The stock's 50-day moving average price is $150.88 and its 200-day moving average price is $136.02. The stock has a market capitalization of $14.26 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 12-month low of $61.61 and a 12-month high of $178.99. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SFM shares. Evercore ISI reduced their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and upped their price target for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a research report on Friday, February 21st. Finally, Jefferies Financial Group increased their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $162.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SFM. Oppenheimer Asset Management Inc. raised its position in Sprouts Farmers Market by 34.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,462 shares of the company's stock worth $493,000 after buying an additional 1,135 shares during the last quarter. KBC Group NV lifted its position in Sprouts Farmers Market by 11.3% during the third quarter. KBC Group NV now owns 2,566 shares of the company's stock valued at $283,000 after purchasing an additional 261 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in Sprouts Farmers Market in the third quarter worth approximately $207,000. CIBC Asset Management Inc grew its position in Sprouts Farmers Market by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company's stock worth $322,000 after purchasing an additional 101 shares during the period. Finally, Natixis Advisors LLC raised its stake in Sprouts Farmers Market by 17.0% during the 3rd quarter. Natixis Advisors LLC now owns 25,183 shares of the company's stock valued at $2,780,000 after buying an additional 3,651 shares during the last quarter.

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.