Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin Sells 4,060 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) SVP Kim Coffin sold 4,060 shares of Sprouts Farmers Market stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $557,925.20. Following the completion of the transaction, the senior vice president now owns 11,432 shares in the company, valued at approximately $1,570,985.44. The trade was a 26.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $140.65, for a total transaction of $106,331.40.

Sprouts Farmers Market Stock Up 1.9 %

SFM traded up $2.62 during midday trading on Friday, reaching $142.39. The company's stock had a trading volume of 2,133,233 shares, compared to its average volume of 1,316,197. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99. The stock's 50-day moving average is $150.88 and its 200-day moving average is $136.02.

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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. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 111 Capital purchased a new stake in Sprouts Farmers Market in the fourth quarter worth about $1,006,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sprouts Farmers Market by 24.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,954 shares of the company's stock valued at $757,000 after buying an additional 1,178 shares during the last quarter. Centaurus Financial Inc. grew its holdings in shares of Sprouts Farmers Market by 8.4% during the fourth quarter. Centaurus Financial Inc. now owns 1,466 shares of the company's stock valued at $186,000 after buying an additional 113 shares during the last quarter. Total Wealth Planning & Management Inc. purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $613,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $14,198,000.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. UBS Group boosted their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their price objective for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Evercore ISI decreased their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of "Hold" and an average target price of $162.92.

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.