Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Sells 4,060 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) SVP Kim Coffin sold 4,060 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $557,925.20. Following the completion of the sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sprouts Farmers Market Price Performance

Shares of SFM stock traded up $3.01 during trading hours on Wednesday, reaching $140.82. 1,121,000 shares of the company were exchanged, compared to its average volume of 1,313,650. Sprouts Farmers Market, Inc. has a fifty-two week low of $60.46 and a fifty-two week high of $178.99. The stock’s fifty day moving average is $150.80 and its two-hundred day moving average is $135.21. The company has a market cap of $13.88 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sprouts Farmers Market

Several large investors have recently bought and sold shares of SFM. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprouts Farmers Market in the fourth quarter valued at approximately $31,000. Avior Wealth Management LLC lifted its holdings in Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after buying an additional 130 shares during the period. GeoWealth Management LLC lifted its holdings in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after buying an additional 142 shares during the period. Global Retirement Partners LLC lifted its holdings in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after buying an additional 132 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares during the period.

Analysts Set New Price Targets

A number of analysts recently weighed in on SFM shares. Roth Mkm upped their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their price target for the company from $163.00 to $190.00 in a research report on Monday. Jefferies Financial Group boosted their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. UBS Group boosted their price target 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. Finally, The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $162.92.

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.