Kim Coffin Sells 11,506 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) SVP Kim Coffin sold 11,506 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $33.41, for a total transaction of $384,415.46. Following the sale, the senior vice president now directly owns 8,663 shares of the company’s stock, valued at approximately $289,430.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, March 17th, Kim Coffin sold 191 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $32.96, for a total value of $6,295.36.

Sprouts Farmers Market Trading Down 2.9 %

Shares of NASDAQ SFM opened at $32.31 on Friday. Sprouts Farmers Market, Inc. has a fifty-two week low of $22.56 and a fifty-two week high of $35.59. The firm has a market capitalization of $3.33 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.38 and a beta of 0.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.29 and a quick ratio of 0.70. The company’s 50 day simple moving average is $32.21 and its 200 day simple moving average is $31.11.

Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last issued its earnings results on Thursday, March 2nd. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. Sprouts Farmers Market had a net margin of 4.08% and a return on equity of 25.40%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts predict that Sprouts Farmers Market, Inc. will post 2.52 EPS for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baldwin Brothers LLC MA grew its holdings in shares of Sprouts Farmers Market by 162.5% in the 4th quarter. Baldwin Brothers LLC MA now owns 1,050 shares of the company’s stock valued at $34,000 after buying an additional 650 shares during the period. Canada Pension Plan Investment Board acquired a new position in Sprouts Farmers Market in the first quarter valued at about $35,000. Ronald Blue Trust Inc. increased its holdings in shares of Sprouts Farmers Market by 398.3% in the third quarter. Ronald Blue Trust Inc. now owns 1,171 shares of the company’s stock worth $30,000 after acquiring an additional 936 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $45,000. Finally, Heritage Wealth Management LLC bought a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at about $47,000. Institutional investors own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Wednesday, November 30th. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $21.00 to $26.00 and gave the stock an “underperform” rating in a research report on Monday, March 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sprouts Farmers Market from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Roth Capital reiterated a “neutral” rating on shares of Sprouts Farmers Market in a research report on Friday, March 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Sprouts Farmers Market from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, March 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $32.57.

Sprouts Farmers Market Company Profile

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Sprouts Farmers Market, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.