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 Sprouts Farmers Market stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.05, for a total value of $99,216.10. Following the completion of the transaction, the senior vice president now owns 5,500 shares of the company’s stock, valued at $412,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $62.47, for a total value of $21,926.97.
• On Monday, March 18th, Kim Coffin sold 9,319 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $63.29, for a total transaction of $589,799.51.

Sprouts Farmers Market Stock Performance

Shares of SFM traded down $0.11 during mid-day trading on Wednesday, reaching $74.66. 1,116,984 shares of the company’s stock were exchanged, compared to its average volume of 1,369,375. The business’s fifty day simple moving average is $64.51 and its 200-day simple moving average is $53.47. Sprouts Farmers Market, Inc. has a 52-week low of $32.12 and a 52-week high of $75.95. The stock has a market capitalization of $7.50 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 2.64 and a beta of 0.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating 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 analysts’ expectations of $1.85 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SFM. Knights of Columbus Asset Advisors LLC grew its holdings in Sprouts Farmers Market by 10.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 158,767 shares of the company’s stock worth $7,638,000 after acquiring an additional 14,401 shares during the period. International Assets Investment Management LLC grew its stake in shares of Sprouts Farmers Market by 2,152.8% during the 4th 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 period. Boston Trust Walden Corp grew its stake in shares of Sprouts Farmers Market by 1.2% during the 4th 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. purchased a new position in shares of Sprouts Farmers Market in the 4th quarter valued at about $1,337,000. Finally, PFG Investments LLC acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at about $208,000.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of analyst reports. Evercore ISI reduced their price objective on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. Wells Fargo & Company upped their price objective on Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. BMO Capital Markets raised their target price on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a research report on Thursday, May 2nd. Finally, The Goldman Sachs Group upped their price target on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $53.50.

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.