Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) SVP Kim Coffin sold 313 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $83.97, for a total transaction of $26,282.61. Following the completion of the sale, the senior vice president owned 23,332 shares of the company’s stock, valued at approximately $1,959,188.04. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Kim Coffin also recently made the following trade(s):
- On Wednesday, March 18th, Kim Coffin sold 467 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $83.50, for a total transaction of $38,994.50.
- On Monday, March 16th, Kim Coffin sold 3,766 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $80.82, for a total transaction of $304,368.12.
- On Friday, March 13th, Kim Coffin sold 209 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $79.38, for a total transaction of $16,590.42.
Sprouts Farmers Market Stock Performance
Shares of SFM traded down $2.90 during mid-day trading on Monday, hitting $78.90. 3,137,831 shares of the company’s stock were exchanged, compared to its average volume of 3,125,125. The company has a current ratio of 0.93, a quick ratio of 0.44 and a debt-to-equity ratio of 0.06. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week high of $182.00. The business’s 50 day moving average is $73.86 and its two-hundred day moving average is $87.75. The firm has a market capitalization of $7.46 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.76 and a beta of 0.76.
Hedge Funds Weigh In On Sprouts Farmers Market
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. J.W. Cole Advisors Inc. lifted its stake in shares of Sprouts Farmers Market by 0.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,069 shares of the company’s stock valued at $1,493,000 after purchasing an additional 69 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Sprouts Farmers Market by 1.0% during the third quarter. Chicago Partners Investment Group LLC now owns 10,457 shares of the company’s stock worth $1,117,000 after buying an additional 102 shares in the last quarter. Apollon Wealth Management LLC grew its position in Sprouts Farmers Market by 3.2% during the third quarter. Apollon Wealth Management LLC now owns 3,505 shares of the company’s stock worth $381,000 after buying an additional 108 shares during the period. MML Investors Services LLC grew its position in Sprouts Farmers Market by 0.6% during the second quarter. MML Investors Services LLC now owns 20,287 shares of the company’s stock worth $3,340,000 after buying an additional 124 shares during the period. Finally, Balefire LLC increased its holdings in Sprouts Farmers Market by 5.2% in the third quarter. Balefire LLC now owns 2,506 shares of the company’s stock valued at $273,000 after buying an additional 125 shares in the last quarter.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. The Goldman Sachs Group set a $111.00 price target on Sprouts Farmers Market in a report on Friday, February 20th. Evercore upgraded shares of Sprouts Farmers Market to a “strong-buy” rating in a research report on Friday, February 20th. Zacks Research raised shares of Sprouts Farmers Market from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. UBS Group dropped their price target on shares of Sprouts Farmers Market from $108.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada cut their price target on shares of Sprouts Farmers Market from $140.00 to $114.00 and set an “outperform” rating for the company in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Moderate Buy” and a consensus target price of $101.75.
View Our Latest Stock Report on SFM
About Sprouts Farmers Market
Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.
Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.
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