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 the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $143.13, for a total value of $1,614,935.79. Following the sale, the chief operating officer now directly owns 55,675 shares of the company’s stock, valued at approximately $7,968,762.75. The trade was a 16.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $139.43, for a total transaction of $74,037.33.
• 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 transaction of $1,203,112.10.

Sprouts Farmers Market Price Performance

SFM stock traded up $4.28 during midday trading on Tuesday, reaching $149.70. The company had a trading volume of 1,712,769 shares, compared to its average volume of 1,317,164. The stock has a 50 day moving average price of $151.01 and a 200-day moving average price of $136.34. Sprouts Farmers Market, Inc. has a 1-year low of $61.61 and a 1-year high of $178.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company has a market capitalization of $14.68 billion, a price-to-earnings ratio of 39.81, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SFM shares. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a 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 target for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. JPMorgan Chase & Co. raised their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Roth Mkm boosted their price target 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. Finally, Wells Fargo & Company lifted their target price on 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. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $167.00.

Institutional Investors Weigh In On Sprouts Farmers Market

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