Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Sells $1,614,935.79 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Nicholas Konat sold 11,283 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $143.13, for a total transaction of $1,614,935.79. Following the sale, the chief operating officer now directly owns 55,675 shares in the company, valued at approximately $7,968,762.75. The trade was a 16.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, March 20th, Nicholas Konat sold 531 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $139.43, for a total value of $74,037.33.
• On Monday, March 17th, Nicholas Konat sold 8,755 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $137.42, for a total value of $1,203,112.10.

Sprouts Farmers Market Stock Down 1.0 %

Shares of NASDAQ SFM opened at $148.31 on Friday. The stock has a market cap of $14.54 billion, a P/E ratio of 39.44, a PEG ratio of 2.31 and a beta of 0.67. The business’s fifty day simple moving average is $151.60 and its 200-day simple moving average is $136.87. Sprouts Farmers Market, Inc. has a 12-month low of $61.61 and a 12-month high of $178.99. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

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

Wall Street Analyst Weigh In

SFM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their price objective for the company from $163.00 to $190.00 in a report on Monday, March 17th. StockNews.com lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Wednesday. Roth Mkm increased 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. UBS Group boosted their target price on 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, Royal Bank of Canada restated a “sector perform” rating and set a $160.00 price target on shares of Sprouts Farmers Market in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $167.00.

Institutional Trading of Sprouts Farmers Market

Hedge funds have recently added to or reduced their stakes in the company. Wesbanco Bank Inc. increased its position in shares of Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Sprouts Farmers Market by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after purchasing an additional 77 shares in the last quarter. Greenleaf Trust increased its holdings in Sprouts Farmers Market by 1.2% in the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after buying an additional 80 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after buying an additional 90 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in Sprouts Farmers Market by 0.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock worth $3,896,000 after buying an additional 95 shares during the last quarter.

About Sprouts Farmers Market

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.