Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) SVP Kim Coffin sold 1,322 shares of the company'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 completion of the sale, the senior vice president now owns 5,500 shares in the company, valued at approximately $412,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 transaction 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 Up 0.1 %
Shares of NASDAQ:SFM opened at $74.77 on Thursday. The firm has a 50 day simple moving average of $64.76 and a 200-day simple moving average of $53.62. Sprouts Farmers Market, Inc. has a twelve month low of $32.12 and a twelve month high of $75.95. The company has a current ratio of 1.19, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $7.51 billion, a PE ratio of 25.74, a P/E/G ratio of 2.64 and a beta of 0.50.
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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the firm posted $0.98 EPS. Sprouts Farmers Market's revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 3.1 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms recently weighed in on SFM. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Bank of America raised Sprouts Farmers Market from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. Wells Fargo & Company increased their price target on Sprouts Farmers Market from $48.00 to $62.00 and gave the company an "underweight" rating in a research report on Thursday, May 2nd. Oppenheimer restated a "market perform" rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. Finally, Evercore ISI lowered their price target on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an "in-line" rating for the company in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Sprouts Farmers Market has a consensus rating of "Hold" and a consensus target price of $53.50.
Read Our Latest Stock Report on SFM
Institutional Trading of Sprouts Farmers Market
Several hedge funds and other institutional investors have recently made changes to their positions in SFM. VisionPoint Advisory Group LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at about $25,000. Rise Advisors LLC acquired a new position in Sprouts Farmers Market during the first quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC acquired a new position in Sprouts Farmers Market in the first quarter valued at $36,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Sprouts Farmers Market during the fourth quarter valued at about $38,000. Finally, GAMMA Investing LLC purchased a new stake in Sprouts Farmers Market during the fourth quarter valued at about $43,000.
About Sprouts Farmers Market
(
Get Free Report)
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.
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