Nicholas Konat Sells 531 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Nicholas Konat sold 531 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $139.43, for a total transaction of $74,037.33. Following the completion of the transaction, the chief operating officer now owns 66,958 shares of the company’s stock, valued at approximately $9,335,953.94. The trade was a 0.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Nicholas Konat also recently made the following trade(s):

• On Monday, March 17th, Nicholas Konat sold 8,755 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.42, for a total value of $1,203,112.10.

Sprouts Farmers Market Stock Up 1.9 %

SFM stock opened at $142.39 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99. The business has a 50 day moving average price of $150.88 and a two-hundred day moving average price of $135.50. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Institutional Trading of Sprouts Farmers Market

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Sprouts Farmers Market by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock worth $1,347,554,000 after purchasing an additional 56,652 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Sprouts Farmers Market by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company’s stock worth $567,322,000 after purchasing an additional 24,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sprouts Farmers Market by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after acquiring an additional 56,161 shares during the last quarter. Marshall Wace LLP lifted its position in Sprouts Farmers Market by 10.1% in the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company’s stock valued at $234,231,000 after purchasing an additional 168,605 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Sprouts Farmers Market by 22.9% during the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock valued at $201,139,000 after acquiring an additional 294,553 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have commented on SFM. Wells Fargo & Company increased their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Bank of America boosted their price target on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Evercore ISI dropped their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. UBS Group lifted their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Roth Mkm lifted their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.