Published on 20 Mar 2024 on GuruFocus.com via Yahoo Finance
Insider Sell: SVP, Chief Forager Kim Coffin Sells 9,670 Shares of Sprouts Farmers Market Inc (SFM)
Sprouts Farmers Market Inc (NASDAQ:SFM), a company specializing in fresh, natural, and organic products at affordable prices, has reported an insider sell according to a recent SEC filing. SVP, Chief Forager Kim Coffin sold 9,670 shares of the company on March 18, 2024.Kim Coffin has been active in the market over the past year, selling a total of 78,744 shares and purchasing none. This latest transaction continues the trend of insider sells for the company, with a total of 38 insider sells and no insider buys over the past year.
On the day of the sell, shares of Sprouts Farmers Market Inc were trading at $63.26, valuing the company at a market cap of $6.189 billion. The price-earnings ratio of the company stands at 24.36, which is above both the industry median of 16.5 and the company's historical median price-earnings ratio.The stock's valuation also shows a significant premium when compared to the GuruFocus Value (GF Value). With a share price of $63.26 and a GF Value of $37.27, the price-to-GF-Value ratio is 1.7, indicating that Sprouts Farmers Market Inc is significantly overvalued based on its GF Value.