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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Nicholas Konat sold 531 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $9,335,953.94. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 shares were sold at an average price of $137.42, for a total transaction of $1,203,112.10.

Sprouts Farmers Market Price Performance

SFM stock opened at $142.39 on Friday. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99. The company has a market cap of $14.04 billion, a P/E ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67. The firm has a 50-day moving average of $150.88 and a 200 day moving average of $135.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the fourth quarter worth $31,000. Avior Wealth Management LLC grew its holdings in Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after acquiring an additional 130 shares during the period. GeoWealth Management LLC grew its stake in shares of Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after purchasing an additional 142 shares during the period. Global Retirement Partners LLC raised its holdings in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently commented on SFM. Jefferies Financial Group upped their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company raised their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and raised their price objective for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. Finally, BMO Capital Markets raised their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.