Kim Coffin Sells 7,286 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 7,286 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $40.58, for a total transaction of $295,665.88. Following the completion of the transaction, the senior vice president now directly owns 6,190 shares in the company, valued at $251,190.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sprouts Farmers Market Stock Down 3.5 %

SFM stock opened at $39.37 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.18 and a quick ratio of 0.58. Sprouts Farmers Market, Inc. has a 52-week low of $26.34 and a 52-week high of $41.28. The company has a 50-day moving average of $38.16 and a two-hundred day moving average of $35.51. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.57 and a beta of 0.43.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. Sprouts Farmers Market had a net margin of 3.86% and a return on equity of 27.23%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 2.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Sprouts Farmers Market from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating and dropped their price target for the stock from $45.00 to $42.00 in a research note on Tuesday, July 25th. Finally, StockNews.com started coverage on shares of Sprouts Farmers Market in a research report on Saturday, August 19th. They set a “hold” rating on the stock. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.63.

Institutional Investors Weigh In On Sprouts Farmers Market

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in shares of Sprouts Farmers Market by 17.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 22,592 shares of the company’s stock valued at $722,000 after purchasing an additional 3,389 shares during the period. Natixis Advisors L.P. bought a new stake in shares of Sprouts Farmers Market during the first quarter valued at approximately $387,000. Rhumbline Advisers increased its position in shares of Sprouts Farmers Market by 1.6% during the first quarter. Rhumbline Advisers now owns 336,039 shares of the company’s stock valued at $10,747,000 after purchasing an additional 5,334 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Sprouts Farmers Market by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,142 shares of the company’s stock valued at $1,316,000 after purchasing an additional 3,923 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Sprouts Farmers Market by 26.1% during the first quarter. Great West Life Assurance Co. Can now owns 78,169 shares of the company’s stock valued at $2,588,000 after purchasing an additional 16,200 shares during the period.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, retails fresh, natural, and organic food products in the United States. It provides perishable product categories, including fresh produce, meat, 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.