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 business’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 sale, the senior vice president now owns 5,500 shares of the company’s stock, valued at approximately $412,775. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $589,799.51.

Sprouts Farmers Market Price Performance

SFM stock opened at $74.59 on Friday. The company has a market capitalization of $7.49 billion, a PE ratio of 25.72, a P/E/G ratio of 2.64 and a beta of 0.50. The company has a quick ratio of 0.65, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $65.01 and its two-hundred day moving average is $53.76. 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 issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Analysts predict that Sprouts Farmers Market, Inc. will post 3.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SFM. Wells Fargo & Company upped their price target on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. Bank of America raised Sprouts Farmers Market from an “underperform” rating to a “buy” rating and upped their target price for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. BMO Capital Markets raised their target price on Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a report on Thursday, May 2nd. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Finally, The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.13.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors have recently modified their holdings of SFM. Knights of Columbus Asset Advisors LLC increased its holdings in Sprouts Farmers Market by 10.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 158,767 shares of the company’s stock valued at $7,638,000 after buying an additional 14,401 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Sprouts Farmers Market by 2,152.8% during the fourth quarter. International Assets Investment Management LLC now owns 65,670 shares of the company’s stock worth $3,159,000 after purchasing an additional 62,755 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in Sprouts Farmers Market by 1.2% in the fourth quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock worth $71,075,000 after purchasing an additional 17,565 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new stake in Sprouts Farmers Market during the fourth quarter valued at $1,337,000. Finally, PFG Investments LLC bought a new stake in Sprouts Farmers Market during the fourth quarter valued at $208,000.

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.